TITLE

Fla.'s Citizens Property Insurance Revised to Stable by Fitch Ratings

AUTHOR(S)
Sigo, Shelly
PUB. DATE
May 2006
SOURCE
Bond Buyer;5/11/2006, Vol. 356 Issue 32379, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the revision of the outlook for Citizens Property Insurance Corp. by the Fitch Ratings Inc. in Florida. According to the report, the revision was to affirm the state-run insurer's A-minus senior-debt rating for its high-risk account. This outlook will be reflecting the Citizens' movement toward charging actuarially sound rates and action by the Legislature to appropriate $715 million from the state's general revenue fund to reduce the size of Citizens' deficit.
ACCESSION #
23176006

 

Related Articles

  • UK's AAA rating placed on "negative outlook" by Fitch. Salih, Chris // Fundweb;3/15/2012, p15 

    The article reports that Fitch Ratings Ltd. has put Great Britain's AAA credit rating on negative outlook. According to Fitch, although Britain is committed to reducing the budget deficit and has a diverse and flexible economy, it has very limited fiscal space to absorb further adverse economic...

  • Ratings agencies assess Nevada's finances as 'stable.'. SIEROTY, CHRIS // Las Vegas Business Press (10712186);12/20/2010, Vol. 27 Issue 51, pP22 

    The article reports on the economic conditions in Nevada as of December 2010. Rating agencies Standard & Poor's and Fitch Ratings have confirmed that the state's finances will have a stable outlook despite a budget deficit between 2.2 and 2 billion U.S. dollars for the fiscal year 2011-2012. The...

  • Chicago in Market With $500M, Moody's Cuts Outlook to Negative. Shields, Yvette // Bond Buyer;8/17/2004, Vol. 349 Issue 31949, p1 

    Reports that the city of Chicago, Illinois, received a warning from Moody's Investors Service that its A1 credit rating is in jeopardy due to its narrow fund balance, budget deficit and use of long term debt to cover operations. Individual ratings given by Moody's, Fitch Ratings and Standard &...

  • Ravitch: N.Y. Needs to Maintain Ratings. Phillips, Ted // Bond Buyer;9/23/2009, Vol. 369 Issue 33188, p4 

    The article focuses on the statement of Lieutenant Governor Richard Ravitch which specifically concentrates on the priority of maintaining the double-A range credit rating in New York. Ravitch will help to address the 2.1 billion dollars state deficit. Meanwhile, the state's general obligation...

  • Fitch revises Bahrain outlook to negative.  // MEED: Middle East Economic Digest;12/9/2015, Vol. 59 Issue 49, p20 

    The article reports that Bahrain's outlook has been revised from stable to negative by Fitch Ratings Ltd. With forecast of a double-digit budget deficit of 12.5% of gross domestic product (GDP) in 2015.

  • Fitch Lowers Florida High-Risk Insurer, Gives Negative Outlook. Sigo, Shelly // Bond Buyer;10/27/2005, Vol. 354 Issue 32247, p1 

    Reports on the move of Fitch Ratings Inc. to lower the ratings for the bond issued by Citizens Property Insurance Corp. in Florida. Indication of the downgrade in the insurer's significant losses; Amount of outstanding debt of the insurer; Assurance of the ratings agency that bondholders are...

  • LOUISIANA: Fitch Negative on Citizens. DeSue, Tedra // Bond Buyer;3/15/2007, Vol. 359 Issue 32587, p9 

    The article reports that Fitch Ratings has placed the BBB Issuer Default Rating of Louisiana Citizens Property Insurance Corp. and the BBB underlying ratings on assessment revenue bonds on rating watch negative. This reflects to the company's computer problems in retrieving its 2005 and 2006...

  • STAVRESKI: FITCH'S AFFIRMATION RECOGNITION OF GOVERNMENT'S POLICIES.  // Macedonian Business Monthly;Mar2014, Vol. 14 Issue 140, p4 

    The article deals with a report released by research firm Fitch on the level of public debt and budgetary deficit in Macedonia in 2014. Topics covered include the projection of public debt for 2015, credit rating of the country and implementation of efficient economic policies in Macedonia. Also...

  • Nassau County Debt Outlook Upgraded to Stable. Coen, Andrew // Bondbuyer.com;11/24/2014, p6 

    Fitch Ratings upgraded Nassau County's long-term debt to stable from negative citing expectations that the Long Island municipality will continue making "modest progress" reducing its budget deficit.

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