Fitch Downgrades Cranston, R.I., to BBB-Minus

Peacock, Wayne
March 2002
Bond Buyer;3/21/2002, Vol. 339 Issue 31349, p30
Trade Publication
Reports the downgrade of obligation rating of Cranston, Rhode Island. Reappearance of accumulated general fund deficits; Inclusion of the company in the negative watch lists; Recovery plan for 2003.


Related Articles

  • Detroit Preparing to Meet With Raters Over Structural Deficit. Carvlin, Elizabeth // Bond Buyer;3/15/2006, Vol. 355 Issue 32339, p30 

    The article reports on the plan of Detroit Mayor Kwame Kilpatrick to meet with rating agencies Standard & Poor's Corp., Fitch Ratings Inc. and Moody's Investors Service Inc. to talk about the city's plans to reduce a structural deficit in Michigan. According to rating analyst Jonathan North, the...

  • Texas Trans Lead With $7.8B in Light Long-Term Market. Albano, Christine // Bond Buyer;8/23/2010, Vol. 373 Issue 33370, p7 

    The article reports on the budget shortfall in Texas in the form of a 7.8 billion dollar issuance of tax and revenue anticipation notes that will prevail the short-term market. It mentions that the long term supply is anticipated to be fairly lean for the week of August 23, 2010. It notes that...

  • Fitch Knocks Down Wisconsin's Ratings to AA from AA-Plus. Shields, Yvette // Bond Buyer;9/5/2001, Vol. 337 Issue 31217, p40 

    Reports the downgrade of the credit rating of the state from AA to AA-plus in Wisconsin. Reliance of the budget on nonrecurring revenues; Impact of the downgrade on the economy; Role of Moody's Investors Services in downgrading the state.

  • Milwaukee county's Test. Shields, Yvette // Bond Buyer;7/5/2006, Vol. 357 Issue 32416, p1 

    The article reports on the financial condition of Milwaukee County, Wisconsin. For the past several months, County Executive Scott Walker has warned that the county faces serious struggles and said difficult cuts is underway if it is to meet its growing pension burden and eliminate deficit in...

  • 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...

  • Moody's: States Are in Trouble, But Widespread Drops Unlikely. Funk, Lynne // Bond Buyer;2/11/2009, Vol. 367 Issue 33060, p4 

    The article reports on the serious financial pressures and a negative outlook facing states in the U.S., according to the data released by the Moody's Investors Service Inc. The rating agency's outlook for the states remains negative because of the state's deteriorating financial positions and...

  • Hungary: Still Little Good News.  // Emerging Markets Monitor;6/6/2005, Vol. 11 Issue 9, p15 

    Reports on the decision of Standard & Poor to downgrade Hungary as of June 2005. Concern of the agency about the state of public finances in the country; Signs of the implementation of major spending-side reforms to strengthen public finances; Severity of external deficits.

  • Ongoing Budget Morass Dims Arizona's Outlook. Williamson, Richard // Bond Buyer;9/16/2009, Vol. 369 Issue 33184, p3 

    The article reports on the warning by Treasurer Dean Martin that failure to fix a one billion U.S. dollars budget deficit will continue to raise the cost of doing business in Arizona. It notes that rating agencies are placing the state's Aa3 issuer rating on negative outlook, reflecting the...

  • Swan Song of Short-termism.  // Economic & Political Weekly;3/1/2014, Vol. 49 Issue 9, p8 

    The article reflects on Union Finance Minister P. Chidambaram's last budget which pays tribute to the rating agencies irrespective of the cost to the economy of India. Topics discussed include Chidambaram's priority of reducing the country's fiscal deficit since he returned to the Ministry of...


Read the Article


Sign out of this library

Other Topics