TITLE

$34 Million Penalty Latest in California's String of Problems

AUTHOR(S)
Williams, Rochelle
PUB. DATE
July 2003
SOURCE
Bond Buyer;7/28/2003, Vol. 345 Issue 31686, p40
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that state has to pay $34 million for penalty to investment bankers in the wake of Standard & Poor's Corp. downgrade of California's bond rating. Factors in the downgrading of rating of bonds; Opinion of controller Steev Westly on the decline of the rating of bonds; Rating assigned by Fitch Ratings Inc.
ACCESSION #
10406690

 

Related Articles

  • MAINE: TransCap Gets Rated. Kaske, Michelle // Bond Buyer;9/22/2008, Vol. 365 Issue 32966, p9 

    The article reports on the ratings assigned by Fitch Ratings Ltd. and Standard & Poor's Corp. to an upcoming $50 million TransCap revenue bond deal of Maine Municipal Bond Bank. Fitch Ratings and Standard & Poor's rate the TransCap bonds AA-minus and AA, respectively. Citi is senior manager on...

  • N.Y.C. Sets $850M Debt Sale for Next Week. O'Brien, Elizabeth // Bond Buyer;7/7/2005, Vol. 353 Issue 32167, p36 

    Reports on the plans of the New York City to sell tax-exempt fixed-rate bonds. Rating of New York City's general obligation bonds by Moody's Investors Service, Fitch Ratings and Standard & Poor's.

  • Washington County, Md., Upgraded, Affirmed Ahead of $25 Million Deal. Ackerman, Andrew // Bond Buyer;3/6/2006, Vol. 355 Issue 32332, p28 

    The article reports on Standard & Poor's Corp.'s upgrade and Fitch Ratings Inc.'s affirmation of underlying credit ratings for Washington County, Maryland in advance of the country's competitive sale of $25.5 million in general obligation bonds. The rating on the county's $129.4 million of...

  • Fitch Upgrades Florida Hurricane Fund as Storm Season Picks Up. Sigo, Shelly // Bond Buyer;8/6/2004, Vol. 349 Issue 31942, p36 

    Reports that Fitch Ratings Inc. upgraded the ratings of Florida Hurricane Catastrophe Fund. Use of Florida's catastrophe fund to provide reinsurance during the hurricane season; Growth in the fund balance; Ratings given by Standard & Poor's Corp.

  • Fitch, S&P Withdraw Ratings on New Jersey Parking Garage Deal. Braun, Martin Z. // Bond Buyer;3/11/2004, Vol. 347 Issue 31839, p4 

    Reports on rating agencies that withdrew ratings on a proposed revenue bond sale by the South Jersey Transportation Authority after the agency postponed a deal for Atlantic City parking garage due to questions raised by the state over parking capacity in the city. Fitch Ratings Inc.; Standard &...

  • Pension Expert: Rating Agencies Could Hammer Pennsylvania. Burton, Paul // Bond Buyer;5/8/2014, Vol. 123 Issue 34106, p1 

    The article reports that bond rating agencies are poised to downgrade Pennsylvania again based on its unfunded pension liability. According to financial services company Standard & Poor's, Pennsylvania has not fully funded its annual required contribution (ARC) since 2004. It further states that...

  • Florida Localities Dominate the Southeast in Rating Upgrades. Sigo, Shelly // Bond Buyer;4/15/2004, Vol. 348 Issue 31863, p28 

    Delves into the financial trend in Florida. Number of bond rating upgrades approved; Status of bond sales in the state; Identification of companies that have received bond rating upgrades from companies such as Standard & Poor's Corp. and Fitch Ratings Inc.

  • COLORADO: Douglas District Plans $64M. Williamson, Richard // Bond Buyer;11/6/2007, Vol. 362 Issue 32749, p9 

    The article reports on the plan of the Douglas County School District in Douglas County, Colorado to sell $50 million of general obligation (GO) bonds for new projects and $14 million of GO refunding debt. The bonds are rated AA-minus from Standard & Poor's Corp. and AA from Fitch Ratings Ltd....

  • Market Post: Secondary Firmer as Activity Stays Strong. Riggs, Taylor // Bond Buyer;11/18/2013, Vol. 122 Issue 34013, p1 

    The article informs that the U.S. tax-exempt market closed firmer on November 15, 2013 as secondary bids were well received and Jefferson County, Alabama has issued a first retail pricing for 1.8 billion U.S. dollars of sewer revenue bonds. It informs that the senior lien bonds are rated BBB by...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics