TITLE

High Pressure On Finances

PUB. DATE
May 2009
SOURCE
Emerging Europe Monitor: Central Europe & Baltic States;May2009, Vol. 16 Issue 5, p12
SOURCE TYPE
Country Report
DOC. TYPE
Article
ABSTRACT
The article deals with the decision of Standard & Poor's (S&P) to downgrade the sovereign credit rating of Lithuania. The ratings agency downgraded the country's long and short term sovereign credit rating to BBB/A3 from BBB+/A2. Although the country is committed to pay credentials, analysts are concerned that the government's ability to pay will come under increasing pressure.
ACCESSION #
37564711

 

Related Articles

  • Who's Who in Credit Rating Agencies.  // Investment Dealers' Digest;12/17/2001, Vol. 67 Issue 47, pN.PAG 

    Presents information pertaining to credit rating agencies in the U.S. Rating of the financial strength of insurance companies; Methodologies formulated by Standard & Poor's to address dynamic changes in the industry and to adapt local market conditions throughout the world.

  • S&P Drops Ohio's Forum Health to BBB-Minus. Carvlin, Elizabeth // Bond Buyer;1/17/2006, Vol. 355 Issue 32299, p5 

    The article reports on the BBB-minus rating assigned by Standard & Poor's Corp. to 121 million dollars of outstanding debt issued in Mahoning County, Ohio. The reason for the downgrade is due to losses over the past few years which have lowered the system's debt service coverage levels. The...

  • S&P Reinstates Rating for Richmond, Calif. Saskal, Rich // Bond Buyer;4/17/2006, Vol. 356 Issue 32361, p4 

    The article reports that Standard & Poor's (S & P) has reinstated its credit ratings on outstanding Richmond, California debt, raising it to investment grade and assigning the city a triple-B plus rating due to incomplete financial information. There were three outstanding bond issues that S & P...

  • Ratings Movers: Waste Services Cleans Up Operations, Culligan Down On Recap. G. S. // Bank Loan Report;4/9/2007, Vol. 22 Issue 14, p9 

    The article discusses the business conditions of U.S. companies including Waste Services Inc. and Culligan International Co. Waste Service's senior secured debt looked clean as rating agency Standard's & Poor's Corp. upgraded its credit rating. Meanwhile, bottle distributor Culligan's rating was...

  • S&P Initiates Dialogue On Cov-Lite Loans. Iyer, Savita // Bank Loan Report;7/2/2007, Vol. 22 Issue 26, p1 

    The article reports on the move of Standard & Poor's Corp. towards building its existing asset-specific corporate recovery rating (RR)-based approach in the U.S. The RR approach is created to ensure that computerized loan origination (CLO) ratings reflect covenant-lite loans. According to the...

  • Iconix Sees Cash, Axia Hurt By Housing. R. K. // Bank Loan Report;12/17/2007, Vol. 22 Issue 48, p5 

    The article focuses on the ratings given by Standard & Poor's (S&P), the world's foremost provider of independent credit ratings, to Iconix Brand Group's $272.5 million term loan in Great Britain. S&P upgraded the company's loan from BB- to BB. It also raised the debt's recovery rating,...

  • FLORIDA: Broward Hospital Lifted to A. Sigo, Shelly // Bond Buyer;11/1/2007, Vol. 362 Issue 32746, p9 

    The article reports on the rating, increased to A from A-minus, assigned by Standard & Poor's Corp. to North Broward Hospital District's debt in Broward County, Florida. The agency said the upgrade reflected sustained improvement in core operations through general cost containment and...

  • S&P Changes N.Y. Outlook to Negative, Citing Deficits. Braun, Martin Z. // Bond Buyer;5/19/2003, Vol. 344 Issue 31638, p3 

    Standard & Poor's revised its outlook on New York's credit rating to negative from stable over concerns that the $92.8 billion spending plan adopted by the state Legislature will lead to budget deficits because revenues don't match future spending. The agency currently assigns a AA rating to the...

  • S&P to Insist Muni Issuers Quantify Exposure to Variable-Rate Debt, Swaps. Hume, Lynn // Bond Buyer;2/7/2002, Vol. 339 Issue 31320, p26 

    Reports that rating agency Standard & Poor's Corp. has announced its plan to ask municipal bond issuers to quantify their exposure to variable-rate debt and interest rate swaps in a standardized manner in its effort to refine its credit rating process. Reason why it will be difficult for some...

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