TITLE

Variable-Rate Demand Debt Dips as Auction Rates Rise

PUB. DATE
August 2003
SOURCE
Bond Buyer;8/26/2003, Vol. 345 Issue 31706, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that the prevailing low interest rate environment stunted volume for variable-rate demand obligations in the first half of 2003, prompting a decline in the amount of debt backed by letters of credit, according to a mid-year review from credit rating agency Moody's Investor Service. Impact of low interest rate on auction-rate bonds; Reasons for downgrading ratings of banks providing liquidity services; Way in which variable-rate demand bonds are affected by the lowering of interest rates.
ACCESSION #
10689132

 

Related Articles

  • Moody's Wants Feedback on Proposed Changes to LOC Rating Methodology. Kaske, Michelle // Bond Buyer;8/2/2010, Vol. 373 Issue 33359, p4 

    The article reports on the comments and feedbacks sought by Moody's Investors Service concerning its plan to alter rating methodology for municipal debt that backs letters of credit (LOC) in the U.S.

  • Dickson County, Tenn., Upgraded to Aa3 by Moody's.  // Bond Buyer;12/23/2014, Issue 34231, p1 

    Moody's Investors Service said it has upgraded to Aa3 from A1, the rating on Dickson County, Tenn.'s $52.2 million in previously issued parity debt.

  • Moody's Downgrades Lake Elsinore, Calif., School District. Webster, Keeley // Bond Buyer;10/29/2013, Vol. 122 Issue 34003, p1 

    The article offers information that Moody's Investors Service Inc. has downgraded the rating of its notches to A2 from Aa3 by a rating agency of Lake Elsinore Unified School District of California on October 25, 2013. It states that the downgradation reflects the narrow liquidity and reserves of...

  • Moody's: Stable Market Ahead for Low-Rated Firms. Fest, Glen // High Yield Report;12/23/2013, p21 

    The article reports that Moody's Investors Service has forecasted a calm atmosphere for credit conditions and low number defaults for lower-rated companies in 2014. According to the Moody's report, the narrow range of 146-16- companies rated f B3 negative and lower in 2013 highlights the...

  • Moody's Upgrades San Joaquin Hills Toll Agency to Ba2. Williamson, Richard // Bondbuyer.com;12/23/2014, p21 

    The article reports on the upgrade of Moody's Investors Service rating for toll-road operator San Joaquin Hills Transportation Corridor Agency to Ba2 after its 1.4 billion U.S. dollars debt restructuring in October 2014. It discusses terms of refinancing including repayment, interest rate and...

  • Simmons debt ratings upgraded.  // Furniture/Today;10/16/2006, Vol. 31 Issue 7, p228 

    The article reports the upgradation of bedding giant Simmons' debt ratings by Moody's Investors Service, which in turn will cut borrowing costs. The article states Moody's raised the ratings to a range of Ba3 to Caal. Appreciating Moody's recognition, the company said the move resulted in an...

  • Hong Kong Able to Support Currency Peg in View of Low Debt, Large Reserves, Says Moody's.  // CFO Innovation Asia;Feb2016, p1 

    The article focuses on a report by Moody's Investors Service which states that the exchange-rate and financial stability that the Hong Kong, China's (Aa1 stable) peg provides, outweighs the potential negative impact of the currency arrangement in terms of higher interest rates and appreciation....

  • Moody's Lowers Hilfiger's Debt Rating. Zaczkiewicz, Arthur // WWD: Women's Wear Daily;10/11/2005, Vol. 190 Issue 77, p4 

    This article deals with the decision of Moody's Investors Service to downgrade its ratings on the corporate family and senior debt load of Tommy Hilfiger USA Inc. The ratings firm said the decline in operating margin could be a challenge for Tommy Hilfiger to reverse. Still, the ratings firm...

  • Open Solutions Is on Default Danger List. SIEGRIEST, LINDSEY // Credit Union Times;3/25/2009, Vol. 20 Issue 12, p1 

    The article reports that Open Solutions Inc. has been listed among 283 companies most likely to default on their debts by Moody's Investors Service. It is stated that Open Solutions was downgraded by Moody's from a corporate family rating of B2 to B3 and revised the company's ratings outlook to...

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