Despite insurance, Y2K may lead to paying-agent problems: S&P
- New California JPA hopes to zap Y2K glitch with bonds. Marois, Michael B. // Bond Buyer;02/09/99, Vol. 327 Issue 30575, p44
Reports on the plan of the California Municipal Information Technology Authority to issue as much as $300 million of tax-exempt debt to pay for Year 2000 fixes. Sale of variable-rate, credit-enhanced debt; Funding of the loan pool.
- Y2K glitch won't trigger hospital bond defaults, AHA official says. Ferris, Craig T. // Bond Buyer;04/01/99, Vol. 328 Issue 30611, p56
Reports that the Year 2000 date conversion problem will not trigger hospital bond defaults in the United States. Lack of funding to upgrade information systems, medical devices and physical plants; Financial pressure on hospitals.
- Y2K Impact. McDonald, Michael // Bond Buyer;09/22/99, Vol. 329 Issue 30731, p8
Forecasts the decline of bond issues in the United States in December 1999 due to the Year 2000 date conversion problem. Investors' concerns about the Year 2000 problem.
- Alabama plans a last-minute deal for Y2K compliance. Reisman, Michael // Bond Buyer;09/24/99, Vol. 329 Issue 30733, p4
Reports on Alabama's plans to issue a package of revenue bonds to help the state government address the year 2000 computer problem or Y2K. Ranking of the state in terms of Y2K compliance; Percentage of the state's computer systems capable of recognizing the year 2000; Amount of debt previously...
- Y2K compliance bonds. Reisman, Michael // Bond Buyer;09/27/99, Vol. 329 Issue 30734, p3A
Reports on the plans of Alabama to issue $50 million of bonds to avert a potential technological meltdown due to the Year 2000 date conversion problem.
- The state of the Y2K problem: It varies, but the stronger credits should do well. Harris, Elizabeth E. // Bond Buyer;11/19/98, Vol. 326 Issue 30524, p9
Offers an assessment of how the year 2000 (Y2K) date conversion problem in computer systems will affect bond issues of municipalities and states in the United States. Possibility that variations in approaches to the problem may lead to rating changes and short-term borrowing; Interconnectivity...
- Investors keep a close watch on issuers' Y2K efforts. Karchmer, Jennifer; Harris, Elizabeth E. // Bond Buyer;05/03/99, Vol. 328 Issue 30632, p6
Focuses on investors' concerns over the year 2000 computer date conversion issue compliance of bond issuers in the United States. Avoidance of flawed credits by Elizabeth Howell of Delaware Investments; Solution applied by Stephanie Petersen of Schwab Investment.
- What will it take to finally harden P-C market? Jaffe, Alfred I. // National Underwriter / Property & Casualty Risk & Benefits Manag;01/04/99, Vol. 103 Issue 1, p23
Opinion. Comments on the impact of the Year 2000 Millennium Bug on the insurance companies in the United States. Proliferation of investment bonds; Effect of interest rate reduction on the market; Pessimism on the effect on the insurance industry, world economy and year 2000 situation; Year...
- Streetwide Y2K participants attribute success to beta tests. Dabaie, Michael // Securities Industry News;03/15/99, Vol. 11 Issue 11, p6
Reports on the results of the first weekend test run of the Streetwide year 2000 testing coordinated by the Securities Industry Association (SIA) and PriceCoopersWaterhouse LLP on March 6, 1999. Glitches experienced by Salomon Smith Barney; Praise for SIA's beta tests in July 1998, which helped...