Fitch Ratings has gained tremendous respect in the investor community over the last several years by providing highly analytical assessments of the risks and benefits of companies that investors and creditors may get involved with. In recent news, 10 timeshare related transactions were reviewed by Fitch Ratings and were given a SMARTView date of November 16, 2009.
SMARTView, is a newly designed Fitch Ratings program that reviews companies for a more comprehensive analysis for transparency and accountability.
The review concerning the 10 timeshare related transactions stated that a rating action will not be released for another 30 days. It was also reported that none of the transactions were categorized as “Under Analysis.”
Although we have yet to see the actual ratings for these timeshare related transactions, it is clear that Fitch Ratings provides a well rounded analysis of companies and the risks and benefits of getting involved with them.
Timeshare owners automatically accept a financial obligation to their resort when they sign the contract and it is important for owners to understand the condition and health of the company they are involved with. Making use out of resources like Fitch Ratings can help timeshare owners make good financial decisions and plan ahead.
In May of 2009, a similar story was released about a Fitch review for the Sierra Timeshares. Owners who tuned in to that story were able to get a good feel for the financial health of the company.
One of Fitch’s main purposes is to provide “opinions that are forward looking and include analysts’ views of future performance.”
Many times the ratings can come back positive with an AAA or AA rating, but it is good to know if a company you are involved with comes back with a BB or D rating. Essentially, you want to know where your investment stands based on the future forecast of the company you are invested with.
Apex Professionals LLC strongly encourages all timeshare owners to take advantage of the information that Fitch Ratings provides and stay in tune to what the future forecast may be for their particular resort/timeshare developer.
About the Author: The timeshare experts at Apex Professionals, LLC, concentrate on helping disillusioned timeshare holders to rid themselves of unwanted maintenance fees, unnecessary assessment costs, and to do away with those annoying high-interest mortgages by offering to take over unwanted timeshare agreements instantly. Related posts:
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