Apex Professionals LLC is committed to bringing you the latest news in timeshare developments. Last month we posted the news about the Sierra Timeshares 2004-1 $658 million dollar transaction being under review by Fitch Reviews. After the 30-day review period, the results have been announced.
Because of the volatility of the real estate market and the effect that it has had on the timeshares market, many people are at a crossroads when it comes to investing in these markets at the present time. Investors and timeshare owners alike have long since followed the Fitch review rating system as a means to gauge a certain project’s risk to a credit portfolio. Fitch Ratings performs in depth research on credit ratings and business transactions worldwide. It then uses the findings to calculate the risks and benefits for those who are involved or those who may become involved in certain transactions. The Fitch Ratings system can often make or break a project, due to its exacting knowledge and research in the business realm.
Ratings from Fitch review are either AAA or AA, meaning they are investment grade transactions and pose a lower risk to creditors and investors, or BB to D, which means they are more speculative transactions, which may pose a higher risk to creditors and investors. An investigation by Fitch Ratings doesn’t necessarily mean the kiss of death on a particular transaction, it just means that it is under review and that more answers are needed before a rating is given. One of Fitch’s most valuable tools is also its newest – a program called SMARTview that comprehensively reviews business transactions for transparency and accountability. It is quickly becoming an important tool for investors all over the world.
Ever since last month’s announcement from Fitch that Sierra Timeshares 2004-1 $658 million dollar transaction was being reviewed, many investors have been waiting with bated breath for the evaluation results. After the 30 day review was completed, Fitch gave the project a AAA rating, which means that it is Investment Grade. This will surely affect the project in a positive way and may bring a sense of relief to those involved.
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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