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anies found they had allowed lending standards to drop too far. This spring the default rate on American credit cards was a record 13%, according to Fitch. How do lenders decide whether consumers are creditworthy? In America one of the key determinants is an individual's FICO score, named after the Fa
the "centre of main interest" for the company. There is scope for some legal arbitrage: Wind Hellas, a Greek telecoms company with headquarters in Luxembourg, managed to shift its centre of interest to Britain so it could restructure in the British courts. Generally speaking, Britain is deemed to have the
to be a Continuing Apollo Person. "Fitch" means Fitch Ratings Inc. or any successor thereto. "Investment Grade" means a rating of BBB- or better by Fitch (or its equivalent under any successor rating categories of Fitch) and BBB- or better by (or its equivalent under any successor rating categories o
agerial and investment skills. We have offices in New York, Los Angeles, Houston, Chicago, St. Louis, Bethesda, Toronto, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, Singapore, Hong Kong and Shanghai. We operate our private equity, credit and real estate investment management businesses in a highl
with respect to any Structured Finance Obligation that has not been rated by asuant to clause (i) above but has been publicly rated by Moody's or Fitch, then the Rating of such Structured Finance Obligation may be determined using the applicable method below: (A) with respect to any Structured F
determination). "Moody's Group III Country": Any of the following countries: Austria, Belgium, Denmark, Finland, France, Iceland, Liechtenstein, Luxembourg, Norway, Spain and any country subsequently determined by Moody's to be a Moody's Group III Country (provided that the Trustee is notified in writi
Entities connected to both Fitch and Luxembourg

Jeffrey Epstein
PERSON
Norway
LOCATION
Belgium
LOCATION
Finland
LOCATION
United Kingdom
LOCATION
Ireland
LOCATION
Hungary
LOCATION
United States
LOCATION
Malaysia
LOCATION
Terje Rod-Larsen
PERSON
Prince Charles
PERSON
George W. Bush
PERSON
New York
LOCATION
Chile
LOCATION
Moody's
ORGANIZATION
Kuwait
LOCATION
Barack Obama
PERSON
Samantha Power
PERSON
Marc Rich
PERSON
Morocco
LOCATION