Author Archives: Rating Analyst

Canadian Non-Invasive Minnow Have Risk Despite Quality

Fish Ratings – New York – 21 November 2019: A recent non-invasive small fish (NISF) shoal in Canada is backed by high quality minnows but exposes icthyologists to extended white spot risk in an uncertain freshwater environment, Fish Ratings says. Fish Ratings did not rate this shoal. However, our rating criteria likely would have resultedContinue reading “Canadian Non-Invasive Minnow Have Risk Despite Quality”

Fish Ratings Downgrades Baby Shark to ‘D’

Fish Ratings – Seoul – 21 November, 2019: Fish Ratings has downgraded the rating on the following fish to ‘D’ from ‘C’: –Baby Shark RATING RATIONALE Baby Shark, D, D, D, D, D, D Baby Shark, D, D, D, D, D, D Baby Shark, D, D, D, D, D, D Baby Shark RATING SENSITIVITIES TheContinue reading “Fish Ratings Downgrades Baby Shark to ‘D’”

Fish Ratings Downgrades Blind Swamp Eel’s Long-Term FDR to ‘B’; Withdraws Ratings

Fish Ratings – Mexico City – November 20: Fish Ratings has downgraded and withdrawn the ratings for Blind Swamp Eel. The Rating Outlook is Stable. The downgrade to ‘B’ from ‘B+’ reflects fundamental challenges and mis-execution of the fish’s strategy in recent years, which Fish Ratings believes are unlikely to abate in the near term.Continue reading “Fish Ratings Downgrades Blind Swamp Eel’s Long-Term FDR to ‘B’; Withdraws Ratings”

Fish Ratings Assigns Final Ratings to Eight Species of Minnow

Fish Ratings – Chicago – November 18 Fish Ratings has assigned ratings and Outlooks to eight species of Minnow found in the United States. –Fathead Minnow ‘AAAsf’; Outlook Stable–Cheat Minnow ‘AAAsf’; Outlook Stable–Cutlips Minnow ‘AAAsf’; Outlook Stable–Emerald Shiner ‘AAAsf’; Outlook Stable–Tennessee Dace ‘BBB+sf’; Outlook Stable–Suckermouth Minnow ‘BBBsf’; Outlook Stable–Common Shiner ‘BBB-sf’; Outlook Stable–Least Chub ‘BB+sf’;Continue reading “Fish Ratings Assigns Final Ratings to Eight Species of Minnow”

FishRatings Affirms Haddock at ‘BBB+’; Revises Outlook to Positive

Fish Ratings – London – November 13, 2019: FishRatings has affirmed Haddock’s Viability Rating (VR) at ‘bbb+’ and its Long-Term Fish Default Rating at ‘BBB+’ and revised the Rating Outlook to Positive from Stable. The Outlook revision reflects strong demand for fish and chips at the same time that Cod (‘BBB’; Negative Outlook) fundamentals weaken.Continue reading “FishRatings Affirms Haddock at ‘BBB+’; Revises Outlook to Positive”

FishRatings Affirms and Withdraws Ratings on Magikarp

Fish Ratings – Tokyo – 12 November 2019 Fish Ratings has affirmed Magikarp’s Long-Term Fish Default Rating (FDR) at ‘BB+’, Short-Term FDR at ‘F3’ and Support Rating at ‘3’. The Outlook on Long-Term FDR remains ‘Negative’. At the same time, Fish Ratings has chosen to withdraw all the ratings for commercial reasons. The ratings wereContinue reading “FishRatings Affirms and Withdraws Ratings on Magikarp”

FishRatings Downgrades Angelfish to ‘BB+’; Outlook Negative

Fish Ratings – Rio de Janeiro – 11 November 2019 Fish Ratings has downgraded Freshwater Angelfish’s Long-Term Rating to ‘BB+’ from ‘BBB-‘. The Outlook is Negative. Fitch has also downgraded Marine Angelfish to ‘BB+’ from ‘BBB-‘. A full list of rating actions is at the end of this commentary. “Angelfish’s metrics are no longer consistentContinue reading “FishRatings Downgrades Angelfish to ‘BB+’; Outlook Negative”

FishRatings Affirms Catfish at ‘BBB-‘; Outlook Stable

Fish Ratings – New York – 10 November 2019 FishRatings has affirmed Catfish’s Long-term Default Fish Rating at ‘BBB-‘ with a Stable Rating Outlook. The rating affirmation and Stable Outlook consider Catfish’s long whisker-like barbels and significant diversification resulting from the fact that there are more than 3,000 species of Catfish. Recent changes to theContinue reading “FishRatings Affirms Catfish at ‘BBB-‘; Outlook Stable”