Newman, Emily
March 2003
Bond Buyer;3/19/2003, Vol. 343 Issue 31596, p2
Trade Publication
Presents several news briefs related to bond market in the U.S. In light of the unusually large uncertainties clouding the geographical and political situation imminent war in Iraq in the short term and their apparent effects on economic decision making, Federal Open Market Committee, Federal Reserve Board's policymaking group, does not believe it can usefully characterize the current balance of risks with respect to the prospects for its long-term goals of price stability and sustainable economic growth. Standard & Poor's Corp.'s downgrading of rating on Hartford, Connecticut's outstanding general obligation debt from AA-minus to A is based on a continued trend of tax base stagnation following a severe decline in valuation at fiscal year-end 2001, representing a revaluation; and the failure of the economy to generate job growth other than public sector employment, resulting in above-average unemployment and higher-than-average office vacancy rates. The figures for housing starts came as housing completions rose 4.5 percent in February to 1.674 million units, compared with a revised 3.8 percent decrease in January, to 1.602 million units, originally reported as a 4.9 percent decrease.


Related Articles

  • The synthetic CDO shell gmae. Shepherd, Bill // Asset Securitization Report;5/16/2005, Vol. 5 Issue 19, p12 

    This article reports that over the past year or so, nothing has grown faster than demand for synthetic collateralized debt obligations (CDO). In the past several weeks, a drumbeat of warnings has emanated from the likes of the International Monetary Fund, Standard and Poor's, and a top official...

  • OHIO: Canton Schools Fall to BBB. Shields, Yvette // Bond Buyer;3/21/2007, Vol. 359 Issue 32591, p9 

    The article reports that Standard and Poor's Corp. has dropped its rating assigned to Canton City, Ohio School District to BBB from A-minus. The rating reflects the district's structural budget imbalance and expected negative general fund balance for 2007. The measure affects the outstanding...

  • OHIO: Carroll Water District Raised. Shields, Yvette // Bond Buyer;5/30/2007, Vol. 360 Issue 32639, p8 

    The article reports on the upgrade of ratings on Carroll Water and Sewer District's debt to BBB-plus from BBB-minus, by Standard & Poor's Corp in Ohio. The upgrade is in recognition of the system's ability to maintain an improved cash position of at least one times debt service coverage. The...

  • NEWS IN BRIEF.  // Bond Buyer;3/23/2004, Vol. 347 Issue 31847, p2 

    Reports developments related to bonds in the U.S. as of March 2004. Decision of the Standard & Poor's to lower its rating on Merrimack County, New Hampshire; Patience of the Federal Reserve on when to raise interest rates; Assessment of tender rates.

  • OHIO: Elderly Housing Revised Up. Carvlin, Elizabeth // Bond Buyer;2/14/2007, Vol. 359 Issue 32568, p9 

    The article reports on the revision made by Standard & Poor's Corp. on the outlook for outstanding Series 1993A bonds issued by the Lorain County Elderly Housing Corp. The agency has revised the outlook to positive from stable and affirmed its rating of BBB for the multifamily housing refunding...

  • S&P Raises N.Y.C. GOs To AA-Minus. Cataldo, Adam L. // Bond Buyer;5/23/2006, Vol. 356 Issue 32387, p1 

    The article reports on the rating upgrade of Standard & Poor Corp. on New York City's general obligation (GO) debt. S&P rated the state's GO debt to AA-minus from A-plus ahead of May 23, 2006 sales of 600 million dollars in bond. The upgrade affects about 34.2 billion dollars of GO debt and the...

  • S&P Sees Uptick in Bonds.  // Treasury & Risk;Mar2007, p10 

    The article reports on the possible increase in corporate bond issues in 2007 and 2008 in the U.S. according to rating agency Standard & Poor's (S&P). The agency noted that strong issuance activity during the said periods is expected to consist of companies refunding their maturing or callable...

  • Coming Soon: Another Default Wave. Husband, Sarah // Investment Dealers' Digest;8/11/2003, Vol. 69 Issue 32, p10 

    Focuses on the performance of high-yield companies in bond market as of June 01, 2003 in the U.S. Rating given by rating agency Standard & Poor's Corp. to high-yield companies; Percentage increase in the share of high yield issuance in 2002; Decline in speculative default rate since August 2000.

  • S&P Drops Parish Hospital. Sigo, Shelly // Bond Buyer;3/1/2007, Vol. 359 Issue 32577, p9 

    The article reports that Standard & Poor's Corp. has lowered its ratings on St. Charles Parish Hospital Service District No. 1's general obligation debt to BBB from BBB-plus. According to the rating agency, the outlook remained stable and that the downgrade was based on continued weak...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics