And Heather Struck reported on a possible bond rating downgrade for Penn State.
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It seems unlikely that the Chinese or the bond rating agencies would like that very much, though.
To make matters worse, the major bond rating agencies downgraded their U.S. treasury debt outlook to negative.
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And is the administration taking that assessment seriously, of that possible downgrade in the country's bond rating?
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The budget was mildly expansionary in the near term, without disturbing Britain's bond rating (see article).
Good news for Entergy-Koch, which has an A bond rating--about on a par with that of a typical big-city bank.
The sourpuss bond rating agencies weren't so sure and said they're reviewing Valero's BBB-credit rating and might downgrade it to junk status.
Debt has dropped to 3.5 times operating income from 7.2 times back in 1996, enough to support the firm's Bbb junk-bond rating.
Usually, colleges get a new bond rating when they issue new debt through public markets, and the evaluation affects already-issued debt.
"The merry-go-round will stop, and they are not all going to get financing, " said Eric Thompson, a managing director at Kroll Bond Rating Agency.
Over the past year, Kroll Bond Rating Agency, Inc. (KBRA) has staked out a claim in the highly-profitable and much-criticized world of credit ratings.
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Also, the city now has a bond rating that is investment-grade, which should free up access to tens of millions of dollars for infrastructure improvements.
It hasn't been helped by the three biggest credit agencies lowering the company's bond rating to "junk, " and the Lumia 900's violently slashed price.
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Mr Coleman helped to bring about an urban renaissance in St Paul by offering incentives to attract new economic development, without unduly hurting the city's bond rating.
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Nahanni is one of scores of similar transactions Enron executives allegedly used to disguise the growing gap between reported earnings and cash flow in the late 1990s which, if disclosed, would have threatened its investment-grade bond rating.
Mr. Nixon said the fund is critical not just for the state to gain a triple-A bond rating, but to also be prepared for higher health-care costs in coming years and to maintain consistent program funding levels.
Li Fei, analyst for Dagong Global Credit Rating Company and author of the bond rating report, told FORBES that optical fiber preform is the upstream product of the optical fiber industry and requires high technical content in its manufacturing techniques.
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"We expect economic slowing and belt-tightening, but we don't see this falloff as being as precipitous as it was in 2001, " says Robert Kurtter, a managing director at Moody's (nyse: MCO - news - people ) muni bond rating service.
"The main driver underpinning Moody's decision to downgrade the UK's government bond rating to AA1 is the increasing clarity that, despite considerable structural economic strengths, the UK's economic growth will remain sluggish over the next few years due to the anticipated slow growth of the global economy and the drag on the UK economy, " Moody's said.
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In the ratings inflation of the bond-rating world, that's not a gentleman's passing grade.
At least its pile of cash and pristine balance sheet and bond credit rating has not been affected.
Some of their other debt has been down-graded by bond-rating agencies, and their stock prices continue to fall.
Changes in short interest, then, do not explain much of the stock price decline around the time of the bond-rating downgrade.
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Second, Chilean firms and banks can tap international capital markets only if two bond-rating agencies rate their paper as high as Chile's own government bonds.
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Carol Levenson of Gimme Credit, a research service, says she has never seen such a large divergence between the view of riskiness that is outlined by bond-rating agencies and that suggested by the market price of corporate debt.
Pity the poor bond-rating analyst.
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Then the mayor flew to Wall Street, which he boasted he would so impress with his forceful ideas that it would upgrade Miami's bond-rating from junk status. (It listened politely but remained unmoved.) It was then that a columnist, Carl Hiaasen, advised the mayor in the Miami Herald that, while in New York, he should visit Bellevue, an insane asylum of legend.
This week the Bank of England, following the European Central Bank, said it would no longer be guided strictly by a government-bond's rating when deciding whether to accept it as collateral.
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