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Fitch Finalizes New Closed-End Fund and Market Value-Structure Criteria

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has finalized and published new global rating criteria for rating closed-end fund (CEF) debt and preferred stock and other market-value structures. Fitch published proposed changes to its CEF debt and preferred stock criteria on July 30, 2015 in the report 'Exposure Draft: Rating Closed-End Fund Debt and Preferred Stock'. The criteria are also used to rate other market-value structures apart from CEFs. Fitch received no comments during this period. No ch

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