Bankruptcies Lead to Negative Watch for Ohio Port Authority

Carvlin, Elizabeth
March 2006
Bond Buyer;3/17/2006, Vol. 355 Issue 32341, p3
Trade Publication
The article reports on the placement of the Toledo-Lucas County Port Authority, Ohio fund debt on the negative watch by credit rating agency Fitch Ratings Inc. after two companies in the loan pool filed for bankruptcies. The agency's action affected the status of outstanding revenue bonds that make up the bond fund. In addition, the entire group will be possibility affected if the authority has to tap into reserves to make bond payments.


Related Articles

  • Fitch Lowers Michigan. Saskal, Rich // Bond Buyer;7/13/2009, Vol. 369 Issue 33147, p1 

    The article reports on the move of Fitch Ratings Ltd. to downgrade Michigan's credit rating to A-plus due to the sharp decline of the automotive manufacturing sector in San Francisco, California. It states that despite of the bankruptcies of Chrysler LLC and General Motors Corp. Fitch still...

  • Minneapolis-St. Paul Airport Readies Refunding. Shields, Yvette // Bond Buyer;9/10/2014, Vol. 1 Issue 34175, p14 

    The article reports that the Minneapolis-St. Paul Metropolitan Airports Commission started offering bonds worth a total 275 million dollars to repay its 2005 bonds. Topics covered include the deal covering 226 million dollars worth of bonds that grow within 2016 to 2035 and 48 million dollars...

  • NBA Gets a DDD. Shields, Yvette // Bond Buyer;1/12/2005, Vol. 351 Issue 32048, p31 

    The article reports that Fitch Ratings Inc. has upgraded the bankrupt National Benevolent Association's (NBA) credit on US$153 million of debt to DDD from DD in recognition of NBA's proposed reorganization plan that calls for the full recovery of bondholders' investments. DDD-default level...

  • Fitch Upgrades New Hampshire Utility After Sale of Seabrook Nuclear Plant. Piazza, Johanna // Bond Buyer;2/18/2003, Vol. 343 Issue 31574, p6 

    Reports that Fitch Ratings Inc. has upgraded Public Service Company of New Hampshire's senior secured credit and the utility's unsecured ratings. Completion of the sale of the Seabrook nuclear power facility; Reflection of the constructive resolution of electric restructuring issues in the city.

  • Prince George's Waste. Newman, Emily // Bond Buyer;11/17/2003, Vol. 346 Issue 31763, p33 

    Reports that Fitch Ratings Inc. has upgraded the outstanding solid-waste revenue debt of Prince George's County in Maryland.

  • Negative on Friendship. Devitt, Caitlin // Bond Buyer;1/13/2010, Vol. 371 Issue 33249, p9 

    The article reports on the rating made by credit agency Fitch Ratings Ltd. to Friendship Village of Columbus Ohio Inc., a continuing care retirement facility's, outlook in Ohio.

  • UK loses AAA rating with second agency as Fitch downgrades. Dale, Samuel // Mortgage Strategy (Online Edition);4/22/2013, p9 

    The article reports that Great Britain has lost its AAA credit rating with Fitch Ratings in 2013, following Moody's downgrading from AAA to AA+ with a stable outlook.

  • Fitch cuts Croatia credit rating to junk.  // Regional Today; 

    The article reports that the credit rating of Croatia was downgraded to junk by the agency Fitch Ratings in September 2013.

  • Fitch warns AAA rating in jeopardy with 'technical' default on US debt. Schroeder, Peter // Hill;6/9/2011, Vol. 18 Issue 81, p12 

    The article reports on the statement of Fitch Ratings Ltd., a credit rating agency, that the U.S. would threaten its AAA credit rating if Congress allows a short-term technical default to occur.


Read the Article


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

Try another library?
Sign out of this library

Other Topics