TITLE

Missouri Shelves Tobacco Hybrid For Appropriation-Backed Bonds

AUTHOR(S)
Shields, Yvette
PUB. DATE
April 2003
SOURCE
Bond Buyer;4/9/2003, Vol. 344 Issue 31611, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The Missouri Board of Public Buildings will competitively sell $387 million of special obligation bonds— a deal authorized by the General Assembly as a replacement for the state's plan to sell a hybrid version of a tobacco securitization. Nearly $50 million of the proceeds will go to retire temporary notes sold on behalf of the state by the Missouri Tobacco Settlement Financing Authority last year and the remainder will pay for projects over the next few years that the state originally intended to pay for with cash. Missouri's general obligation credit carries triple-A's from three credit rating agencies.
ACCESSION #
9582516

 

Related Articles

  • Rating Changes and New Bond Issues: Some New Insights. Bhandari, Shyam B.; Chrisman, James J.; Rubash, Arlyn R. // American Business Review;Jun85, Vol. 3 Issue 1, p35 

    Focuses on a study investigating rating changes and mutual bond issues. How a bond rating is intended to be a lasting measure of quality; How rating agencies should not anticipate altered conditions; Hypothesis given regarding the consistancy and reliability of bond ratings and the rating...

  • Demythologising credit ratings.  // Money Marketing;10/23/2008, p18 

    The article offers information on the role and performance of credit-rating agencies. Despite massive information being offered by credit rating firms to the market, much of the discussion stays poorly informed. These include the meaning of a credit rating is not always well understood, concern...

  • Colonie, N.Y., Debt Cut to A2 by Moody's.  // Bond Buyer;5/3/2006, Vol. 356 Issue 32373, p2 

    The article reports on the rating assigned by Moody's Investors Service to the multimillion-dollar in Series 2006 refunding serial bonds in Colonie, New York. It also downgraded the town's outstanding parity debt to A2 with a negative outlook from Aa3. The downgrade reflects an accumulated...

  • WHAT IS THE NEW TRIPLE-A ? Colomer, Nora // Asset Securitization Report;Oct2009, Vol. 9 Issue 17, p18 

    The article discusses the move of U.S. credit rating agencies' (CRAs) to build their brands as they face criticism from market experts. As to Diane Westerback, managing director of structured finance of Standard & Poor's Corp. (S&P), the position of their company is better for they can execute...

  • Developing and Testing Models for Replicating Credit Ratings: A Multicriteria Approach. Doumpos, Michael; Pasiouras, Fotios // Computational Economics;Jun2005, Vol. 25 Issue 4, p327 

    Credit ratings issued by international agencies are extensively used in practice to support investment and financing decisions. Furthermore, a considerable portion of the financial research has been devoted to the analysis of credit ratings, in terms of their effectiveness, and practical...

  • Ratings agencies must be accountable. Brierley, Sean // Finance Week (Centaur Communications);11/19/2005, p12 

    The article focuses on the increase in the transparency of credit rating agencies in Great Britain. The company's accountability does not match the power and responsibility that they wield. The credibility of their research has been attacked when they have failed to spot companies that are on...

  • The Regulatory Use of Credit Ratings in Germany and the US: A Resource Dependence View on the Transfer of (Quasi-)Regulatory Authority. Kruck, Andreas // German Policy Studies/Politikfeldanalyse;2013, Vol. 9 Issue 1, p141 

    In the decades before the global financial crisis public regulators in the US but also in Continental Europe increasingly used private credit ratings as risk measures in financial regulation, thus granting credit rating agencies (CRAs) (quasi-)regulatory authority in financial market governance....

  • Ratings Affirmed. Saskal, Rich // Bond Buyer;3/24/2006, Vol. 355 Issue 32346, p35 

    The article reports on the affirmation of Oregon's credit rating by rating agencies Standard & Poor Corp., Moody's Investors Services Inc. and Fitch Ratings Inc. The state's general obligation debt remains rated AA-minus by Standard, Aa3 by Moody's, and AA-minus by Fitch.

  • MISSOURI: Upgrade Me in St. Louis. Shields, Yvette // Bond Buyer;6/4/2008, Vol. 364 Issue 32892, p8 

    The article reports on the upgrade made by Moody's Investors Service Inc. to Saint Louis' general obligation credit from A3 to A2 in Missouri. The upgrade was ahead of the city's sale of $44 million of new money leasehold revenue bonds. The rating agency attributed the upgrades to the city's...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

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

Try another library?
Sign out of this library

Other Topics