High credit quality is a requirement for entry into the commercial paper market, but long-term credit quality bond rating is not a sufficient statistic for short-term quality. These characteristics allow firms to issuenear-riskless short-term debt and supply a near-money asset to themarket, thereby reducing their interest costs by the amount...
Comment As the economy stalls, the credit crunch bites and consumers have all but stopped spending their money, surely now must be the worst possible time to start a new business? For those who see nothing but doom and gloom in the current...
NEW YORK -- Fitch Ratings has assigned 'F1+' short-term ratings and affirmed the 'AA-' long-term ratings on the $225,000,000 New Mexico Hospital Equipment Loan Council, hospital system revenue bonds Presbyterian Healthcare Services, series 2008B ($75,000,000), 2008C ($75,000,000) and 2008D ($75,000,000). The long-term 'AA-' ratings reflect the credit quality...
Rent-A-Center (NASDAQ: RCII)( www.rentacenter.com ) launched a multi-media campaign today in which ChiefExecutive Officer Mark Speese reaches out to the growing number ofconsumers burdened by the current cash and credit crunch with a messageabout the benefits of rental-purchase transactions. The integrated campaign, named "Credit Free Life," uses 60-second directresponse TV...
BRADLEY Wright-Phillips scored twice as Saints gave high-flying Reading a shock royal runaround. Flat broke and haunted by the twin threat of receivership and relegation, Saints had run out as potential cannon fodder against a Premier League side in all but name. ...
BRADLEY Wright-Phillips scored twice as Saints gave high-flying Reading a shock royal runaround. Flat broke and haunted by the twin threat of receivership and relegation, Saints had run out as potential cannon fodder against a Premier League side in all but name. ...
Corporate bonds have long been a magnet for risk-averse investors. Financial planning wisdom would tell you that while you should have most of your money in equities when you're young, you should seek safety in good-quality corporate bond funds as you approach retirement. However, bonds have just...
Attributes its Revenue Growth to Increased Patient Adoption and Clinical Support LAWRENCE, Mass., Nov. 21 /PRNewswire-FirstCall/ -- NxStage Medical, Inc. , a leading manufacturer of innovative dialysis products, today announced that it ranked 14th on Deloitte's 2008 Technology Fast 500, a ranking of the 500 fastest growing...
NEW YORK -- Fitch Ratings assigns an 'A+' underlying rating to approximately $40,835,000 Dormitory Authority of the State of New York DASNY school district revenue bond financing program revenue bonds series 2008C and an 'A' underlying rating to approximately $47,920,000 series 2008D bonds. The bonds will be sold through negotiation...
Recession fears hit corporate debt US stock market spirals to 11- year low INVESTORS STAMPEDED into US government debt yesterday, viewing it as the only safe haven from a new round of losses in the rest of the credit markets and another plunge by...
LOS ANGELES -- SCI Real Estate Investments, LLC has announced the acquisition of Kings Cove, a 192-unit luxury apartment-home community in Kingwood, Texas, from Houston-based developer, Dinerstein Companies for tenant-in-common investing. Kings Cove serves as an example of SCI's smart investment strategy of purchasing institutional-quality apartment communities in...
NEW YORK -- Moody's Investors Service announced today that it has published an updated Code of Professional Conduct ("MIS Code"). The updates align the Code with recent changes to the Code of Conduct Fundamentals for Credit Ratings Agencies issued by the International Organization of Securities Commissions IOSCO, a global regulatory...
NEW YORK -- In evaluating 1,054 loan-seeking corporations, NYU Stern Visiting Professor of Finance Anurag Gupta* reveals that borrowing firms whose loans are sold by banks in the secondary loan market underperform other corporate bank borrowers by between 8% and 14% per year (on a risk-adjusted basis) in the three...
NEW YORK -- Fitch Ratings views Potomac Edison Company's Potomac Ed proposed rate settlement agreement in Virginia as a favorable step toward restoring the utility's credit profile. The proposed agreement was reached among Potomac Ed, the staff of the Virginia State Corporation Commission VSCC, a group of large and mid-sized...
TrilliumSoftware®, a business of Harte-Hanks, Inc. (NYSE: HHS) and a leadingenabler of Total Data QualityTM solutions, today delivered its DataIntelligence & Governance DIGTM solution specifically for thefinancial services and insurance industries and compliance market. Thesolution is a combination of powerful data analysis, data quality andreporting software...
NAPERVILLE, Ill., Nov. 19 /PRNewswire-FirstCall/ -- Tim Wiggins, Tellabs executive vice president and chief financial officer, will speak to the investment community at the Credit Suisse Annual Technology Conference in Scottsdale, Ariz., on Wednesday, Dec. 3, at 3:00 p.m. Mountain Standard Time. Interested investors can access a...
NEW YORK -- Ameritrans Capital Corporation (NASDAQ: AMTC, AMTCP) today reported financial results for the quarter ended September 30, 2008. Highlights for First Quarter Fiscal 2009: * Total investment income for the three months ended September 30, 2008 of $1.46 million. * Net unrealized...
Steady earnings, continued strong credit quality, and excellent asset growth support continued dividend payment EUGENE, Ore., Nov. 19 /PRNewswire-FirstCall/ -- Pacific Continental Corporation , the bank holding company for Pacific Continental Bank, today announced that its board of directors declared a quarterly cash dividend payable December 15,...
MONTERREY, Mexico -- Fitch Ratings has affirmed Telefonos de Mexico, S.A.B. de C.V.'s Telmex foreign and local currency Issuer Default Ratings IDRs at 'A-'. Approximately US$2.2 billion in debt is affected by the rating action. The Rating Outlook is Stable. Telmex's ratings reflect the company's leading position as...
NASHVILLE, Tenn. -- Louisiana-Pacific Corporation LP (NYSE: LPX) announced today that Chief Executive Officer Rick Frost will make a presentation at the Bank of America 2008 Credit Conference on Thursday, November 20, at approximately 8:30 a.m. EST in Orlando, Fla. Frost will provide insight on LP. The presentation...
Articles 2008-11-18
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