November 12, 2012 at 03:00 AM EST
TEXT-Fitch: Sandy won't trigger widespread downgrades
Nov 12 - The rebuild costs and lost revenue caused by Hurricane Sandy are unlikely to lead to widespread downgrades across Fitch's rated portfolio, Fitch Ratings says. But the credit profiles of some individual borrowers will suffer a short-term hit. Losses from Sandy will be borne by a combination of insurance/reinsurance companies, local governments and the federal government. Some losses will also be borne by individuals and businesses who are uninsured and will not be supported by any gove
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