Fitch director: The quality of a swap can have some sway over ratings
- Massachusetts Water Authority Readies $326M of Revenue Refunding Bonds. Chang, Helen // Bond Buyer;3/14/2005, Vol. 351 Issue 32089, p4
Reports on the plan of the Massachusetts Water Resource Authority to sell revenue refunding bonds. Move of Fitch Ratings Inc. to upgrade the bonds; Citation of the agency of the authority's greater independence from state aid and improved long-term planning as reasons for the upgrade;...
- Massachusetts Water Authority earns S&P upgrade to A-plus. Kruger, Daniel // Bond Buyer;05/13/99, Vol. 328 Issue 30640, p36
Focuses on Standard & Poor's Corp.'s upgrading of the bond rating for the Massachusetts Water Resources Authority. Diminished risk from the construction of a treatment plant; Improvement of financial performance of the agency's service area.
- Swap rates vs. bond yields. // Bond Buyer;02/09/98, Vol. 323 Issue 30327, p36
Presents a graph reflecting fixed-coupon bond and synthetic bond ratings created from variable-rate debt and a swap deal in the United States as of February 5, 1998.
- Official: Connecticut City Swaption a Plus, Despite Rater Concern. Cataldo, Adam L. // Bond Buyer;9/9/2004, Vol. 349 Issue 31965, p36
Reports on New Britain, Connecticut's selling of an option to do a swap on portion of its bonds. Rating of the bonds.
- S&P Analyst: Swap Insurance Helped Credits Survive Katrina Downgrades. Ackerman, Andrew // Bond Buyer;6/28/2006, Vol. 356 Issue 32412, p6
The article reports on the role of insurance of swap agreements to help credits survive the downgrading of ratings in the U.S. A financial analyst claims that the swap insurance was able to limit the impact of the downgrades on the issuers that had been devastated by the Hurricane Katrina. The...
- A Big Dig Hangover MassPike Expects to Avoid Market for 3 Years. Piazza, Johanna // Bond Buyer;12/1/2003, Vol. 346 Issue 31771, p1
Reports on issues related to the multi-million-cost of a public works project in Massachusetts Turnpike, Massachusetts. Hangover of the project for four years; Cost of the project; Impact of the project on the finances and credit rating of the state.
- Orlando Utilities Commission to Refund $60M, With a Swap. Sigo, Shelly // Bond Buyer;8/19/2003, Vol. 345 Issue 31701, p4
Reports on the plan of Orlando Utilities Commission in Florida to refund water and electric bonds and to take bids for a fixed-to-variable-rate swap counterparty. Amount of bonds; Rating of bonds; Companies that will bid for the swap.
- Pennsylvania Agency Readies $405M for Turnpike Projects. Kaske, Michelle // Bond Buyer;5/27/2008, Vol. 364 Issue 32886, p6
The article reports on the preparation of the Pennsylvania Turnpike Commission (PTC) for a $405 million new-money deal to help finance capital improvement projects throughout the system. In this project, Hopkins & Co. will be the financial adviser and Dilworth Paxson LLP will act as bond...
- Ohio Readies $200M GO Sale for School Program. Carvlin, Elizabeth // Bond Buyer;3/30/2005, Vol. 351 Issue 32100, p4
Reports on the sale of general obligation variable rate bonds by the Ohio Public Facilities Commission. Establishment of a forward swap agreement; Conversion of the bonds to other interest rate modes; Role of liquidity in the consideration for bond ratings.