TEXT-Fitch: hybrid equity, rating criteria for non-financial corps, REITs

Thu Dec 13, 2012 4:18pm EST

Link to Fitch Ratings' Report: Treatment and Notching of Hybrids in Nonfinancial
Corporate and REIT Credit AnalysisDec 13 - Fitch Ratings has updated the criteria report titled 'Treatment and
Notching of Hybrids in Nonfinancial Corporate and REIT Credit Analysis'.

This criteria report covers Fitch's treatment of hybrids in the analysis of
Nonfinancial Corporate and REIT issuers and the notching of hybrids in these
sectors. The updated criteria are substantially the same as the previous
criteria. No ratings are immediately affected by this update.

Additional information is available at www.fitchratings.com.

Applicable Criteria and Related Research:
--'Corporate Rating Methodology' (Aug. 8 2012);
--'Recovery Ratings and Notching Criteria for Non-Financial Corporate Issuers'
(Nov. 13, 2012);
--'Recovery Rating and Notching Criteria for Equity REITs' (Nov. 12, 2012);
--'Recovery Rating and Notching Criteria for Utilities' (Nov. 12, 2012).

Applicable Criteria and Related Research:
Corporate Rating Methodology
Recovery Ratings and Notching Criteria for Non-Financial Corporate Issuers
Recovery Ratings and Notching Criteria for Equity REITs
Recovery Ratings and Notching Criteria for Utilities
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