"The low repossession rate in Ireland reflects the attempts made by both servicers and courts to give borrowers all possible opportunities to resolve their financial difficulties," they observed. The report, entitled Around the Houses – Quarterly... Full Article at Irish Examiner

In its annual report filed today, Blockbuster said its declining sales and cash flow, coupled with increasingly competitive industry conditions, "raise substantial doubt about our ability to continue as a going concern". The grim outlook was followed... Full Article at The Australian

Fitch raised its rating outlook for Navistar and Navistar Financial Corp. to "Positive" from "Negative." A positive outlook indicates that the company's credit rating may be raised over the next one or two years depending on how the company performs. ... Full Article at ChicagoBusiness.com

A global credit-rating agency has lowered the Cleveland schools' long-term outlook from stable to negative. Fitch Ratings left intact a BBB+ rating on two series of general-obligation bonds but cited a "need for significant changes to align spending wi Full Article at Cleveland Plain Dealer

SAO PAULO--(BUSINESS WIRE)-- Fitch Ratings has affirmed its ratings on Energisa S.A. (Energisa) and its subsidiaries, as follows: --BRL150 million third debentures issuance due in 2014, long-term National Rating at 'A(bra)'. Full Article at Street Insider

Ratings has taken the following rating actions on Blockbuster Inc. (Blockbuster): --$675 million senior secured notes downgraded to 'CC/RR3' from 'B/RR2'; --$300 million senior subordinated notes affirmed at 'C/RR6'. The downgrade of Blockbuster's... Full Article at Trading Markets