Memphis Woes

DeSue, Tedra
December 2004
Bond Buyer;12/2/2004, Vol. 350 Issue 32021, p35
Trade Publication
The article reports that Standard & Poor's last week revised its outlook on Memphis and Shelhy County Sports Authority's revenue debt to negative from stable based on the significant deterioration Memphis has recently experienced in its financial performance and genera] fund position due in part, to poor budgetary controls. The action affects about $201 million of AA-minus rated debt. Analyst Wendy Wipperman said Memphis has established a trend of operating deficits and diminished general fund reserves.


Related Articles

  • THE GOOD, THE BAD & THE UGLY.  // Finweek;10/19/2006, p32 

    The article reports updates and developments related to business and finance in South Africa. The launch of Zeder Investments from PSG Group Ltd. has created quite a stir in its financial performance. "FinWeek" magazine has received documentation detailing an offer to sell 500,000 unlisted...

  • Northern sets £60m target.  // Money Marketing;1/19/2006, p34 

    The article analyzes the financial performance and growth rate of Northern Venture Trust. The author has emphasized the company's aim which is to take its total assets to 60 million pounds through a C-share issue. The scheme is merging C-shares with the existing portfolio when they are converted...

  • Analysing the performance of managed funds using the wavelet multiscaling method. In, Francis; Kim, Sangbae; Marisetty, Vijaya; Faff, Robert // Review of Quantitative Finance & Accounting;Jul2008, Vol. 31 Issue 1, p55 

    We propose a new approach for investigating the performance of managed funds using wavelet analysis and apply it to an Australian dataset. This method, applied to a multihorizon Sharpe ratio, shows that the wavelet variance at the short scale is higher than that of the longer scale, implying...

  • Oneok Inc. OKE. Peters, Josh; Stevens, Jason // Morningstar DividendInvestor;May2009, Vol. 5 Issue 4, p19 

    The article discusses the financial performance of Oneok Inc. in the U.S. which has been based on the company's dividend-yield operation. It notes the Oneok's unattractive growth prospects amidst attraction of its gas distribution business. Also focused is the manageability of its substantial...

  • Underpinning value. Hasenfuss, Marc // Finweek;4/30/2009, p33 

    The article reports on the financial management made by Spescom company in South Africa which despite toughening conditions in the broader technological market, it still has the needed experience to shift out of the back-marking group. It notes the company's adoption of a longer-term and...

  • How Expense Ratios and Star Ratings Predict Success. Kinnel, Russel // Morningstar FundInvestor;Aug2010, Vol. 18 Issue 12, p1 

    The article presents the author's view on how expense ratio and star ratings predict success. He notes that expense ratios are strong predictors of performance. He believes that the cheapest quintile produces higher total returns than the most expensive quintile. Meanwhile, the star ratings help...

  • Striking a Balance. Brumfield, Robin G. // GPN: Greenhouse Product News;Feb2009, Vol. 19 Issue 2, p28 

    The article presents information on the need to take a financial check-up of business to find out where it is losing money. The author suggests preserving cash, decreasing capital expenditures and reducing expenses during the tough economic times. He also suggests that one method of assessment...

  • AIG Net Up, Ratings Changes Barely Hurt. Sclafane, Susanne; Ruquet, Mark E. // National Underwriter / P&C;7/4/2005, Vol. 109 Issue 26, p21 

    The article reports on the financial performance of insurer American International Group Inc. (AIG). AIG after reporting a first-quarter 44 percent jump in net income said that rating firm downgrades had only a minor impact on the insurer. Shares of AIG stock rose in response to the report,...

  • Financial performance. Cairns, David // Accountancy;Jun2002, Vol. 129 Issue 1306, p115 

    The Australian Accounting Standards Board has released an exposure draft, ED 105, Statement of Financial Performance: Amendments to AASB 1018/AAS 1, which proposes amendments to AAS 1, Statement of Financial Performance. The main proposals seek to: improve and clarify the requirements relating...


Read the Article


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

Try another library?
Sign out of this library

Other Topics