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By NEW YORK TIMES NEWS SERVICE | July 5, 2003
LOS ANGELES - California officials were meeting through the holiday weekend to try to address the state's $38 billion budget shortfall and an imminent reduction in the state's low credit rating. Gov. Gray Davis vowed to resist a Republican budget plan that he said threatened education and public safety, and said that a recall election to remove him would waste $30 million that would be better spent for pressing state needs. In brief remarks before he met with his budget advisers yesterday afternoon, Davis said the Republican proposal would postpone kindergarten for more than 100,000 5-year-olds and deny college admission to tens of thousands of students.
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BUSINESS
By Erin Cox, The Baltimore Sun | July 8, 2014
Maryland kept its coveted AAA bond rating this week, an accomplishment that allows it to continue borrowing cash more cheaply than most states. Gov. Martin O'Malley heralded the rating from New York bond agencies Tuesday as proof of his sound fiscal stewardship of Maryland. He pointed out that only seven states kept a credit rating that high throughout the recession. "Fiscal responsibility, and taking a balanced approach to investments and cuts, are essential to strengthening our economy," O'Malley said in a statement.
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NEWS
By John Fritze, The Baltimore Sun | July 19, 2011
WASHINGTON —A leading bond rating agency threatened Tuesday to downgrade Maryland's gold-plated credit rating because of the protracted debate over raising the nation's $14.3 trillion debt ceiling. Moody's Investors Service announced it would review "for possible downgrade" the credit ratings of five states, including Maryland, that could be hit particularly hard if Congress fails to raise the nation's debt limit by the Aug. 2 deadline and defaults on its financial obligations.
NEWS
December 16, 2013
Well, so much for the return of reason to the Congressional budget debate. Even before the ink was dry on the bipartisan agreement that is supposed to stabilize the budget debate for the next two years - and before the Senate has even voted on the darn thing - Rep. Paul Ryan was on national television this past weekend speculating on what concessions he expects to extract for raising the debt ceiling. "We don't want nothing out of this debt limit," the House budget chairman warned on Fox News.
NEWS
By Nicole Fuller, The Baltimore Sun | December 29, 2010
A prominent credit-rating firm has placed Annapolis on notice that the city's rating might soon be downgraded. Annapolis Mayor Joshua J. Cohen announced Wednesday that Moody's Investors Service has placed the city on a watchlist for a possible downgrade of its credit rating of general obligation bonds. The downgrade would affect about $79.3 million in debt, said city officials, citing Moody's. The city's credit rating is currently Aa1 — the second-highest rating in Moody's rating system.
BUSINESS
By Jay Hancock | August 16, 2011
Fitch Ratings gave the U.S. government a clean bill of health Tuesday, confirming a top, AAA rating for Treasury bonds and proclaiming a future downgrade unlikely. The vote of confidence from the New York debt-rating company contrasts with the view from Standard & Poor's, which demoted the United states to AA+ a few days ago. The other major rating agency, Moody's, still gives the United States AAA but has cut the outlook to negative. In what looks like a pointed retort to S&P, Fitch nearly gushed about America's ability to pay its obligations.
NEWS
By Newsday | April 4, 1991
DO YOU KNOW how good (or bad) your credit is? Many Americans who think they know might be surprised at what's in the files of major credit reporting services: In a recent survey of the accuracy of credit reports, 9 million people checked their files -- and 3 million found something they thought was wrong.That is why Congress should pass legislation this year requiring those companies to send consumers a copy of their credit records each year, free. Now, they must do that when it is too late -- after a customer has been turned down.
BUSINESS
By Gus G. Sentementes, The Baltimore Sun | August 9, 2011
Maryland's treasurer expressed confidence Tuesday the state's AAA credit rating would not change as a result of Standard & Poor's historic downgrade of the federal government's rating. Maryland has maintained the top rating from the three major ratings agencies. Officials in the state treasurer's office said they were advised Tuesday morning by an analyst with Standard and Poor's that the agency would take "no action" on the state's rating in the immediate future. But it remained unclear whether the state ultimately would see an effect on its own credit rating.
FEATURES
By Dave Barry | December 2, 1990
Recently I received an exciting offer in the mail from my credit-card company. Usually their offers involve merchandise that no actual human would ever need."
BUSINESS
By Liz Pulliam Weston and Liz Pulliam Weston,LOS ANGELES TIMES | November 19, 2000
My sister and her boyfriend borrowed my car and drove it out of state. The boyfriend was arrested for drug trafficking and the car was confiscated and repossessed by the finance company. All claims and charges against my sister were dropped, and the finance company eventually allowed me to get my car back. But now my credit report shows a repossession, which is damaging my once-excellent credit rating. Can you tell me how to solve my dilemma? I took your question to several attorneys who specialize in credit problems, and none of them offered much hope.
NEWS
October 18, 2013
Shame on you, Republican Party. And how dare you claim to speak for the American people. You do not speak for the poor, the elderly, the sick, the unemployed and underemployed, the victims of gun violence and the undocumented immigrants who are helping to build this country (and saving many older cities that would be dying without them). And you do not speak for me. To use the budget process as a back-door way to eliminate Obamacare is reprehensible. This law was passed by both houses of Congress and signed by the president of the United States.
NEWS
October 9, 2013
To be without a roof over one's head - homelessness - is usually considered the nadir of poverty in America. To many, it implies not only a lack of money, but the exhaustion of options, the end of the rope, dereliction. But there's another way of looking at it. Such destitution, often triggered by circumstances beyond the control of the destitute, may be only a setback. Given a path out and the means to proceed, the homeless can rise to self sufficiency. They just need a hand.
NEWS
By Doyle McManus | June 23, 2013
It almost seems like distant history now, but it was really just a few short months ago that President Barack Obama and Senate Republicans, spurred by fear of fiscal chaos, did the unthinkable: They went out to dinner and talked civilly about the possibility of a "grand bargain," a compromise that would shrink the deficit through revenue increases and long-term spending cuts. But since that hopeful first date, the relationship hasn't quite blossomed into romance - or even into real negotiations.
NEWS
By Tricia Bishop, The Baltimore Sun | June 10, 2013
Moody's Investor Services said Monday that it was reviewing for a possible downgrade the A1 credit rating of St. Mary's College of Maryland, which last week announced the resignation of its president amid news that the liberal arts school expects to fall significantly short of its freshmen admissions target. The Southern Maryland honors college is 100 students shy of its 470 freshman goal as of last week, but for budgeting purposes, officials are estimating a deficit of up to 150 students and $3.5 million in tuition fees.
NEWS
January 22, 2013
How can Republicans believe it is legitimate to blackmail the country into accepting the same extreme agenda that the American people rejected at the ballot box in November? The Republican Party is threatening to shut down the federal government again over raising the debt ceiling in yet another game of "chicken. " This could seriously damage the economy. The last time they played this game, 2011, Republicans sabotaged confidence in the U.S. economy and were responsible for the downgrade in our credit rating, effectively strangling the economic recovery.
NEWS
January 3, 2013
With the fiscal cliff surmounted, at least temporarily, a new Congress sworn in and Republicans licking their self-inflicted wounds, it is tempting to theorize that a new political reality has taken hold in the nation's capital - one where the American economy won't be taken hostage by the House GOP and Washington won't bounce around from one trumped-up crisis to another. The best evidence of this would be the lopsided and bipartisan votes in favor of the final tax package approved by both the House and Senate.
BUSINESS
By Ken Harney and Ken Harney,Earthlink | June 15, 2007
The days may be numbered for dozens of Internet-based companies that promise to quickly boost FICO credit scores by 200 to 300 points. Fair Isaac Corp., the developer of the widely used FICO score, plans to introduce key changes designed to derail schemes that transplant high-quality credit-card histories into the files of people with low FICO scores. The credit-boost companies, easily found on the Web by searching for "rent a credit tradeline" or "rent a credit card," claim they violate no federal laws and are not seeking to defraud mortgage lenders.
NEWS
By Peter Morici | January 2, 2013
Friday, forecasters expect the Labor Department to report the economy added 155,000 jobs in December - substantially less than is needed to pull unemployment down to acceptable levels. The tax and spending package passed by the Senate and House provides little prospect of improvement, as the U.S. economy continues to suffer from insufficient demand and will continue growing at a subpar 2 percent a year. Factors contributing to weak demand and slow jobs creation are the huge trade deficits with China and other Asian exporters, as well as on oil. However, on the supply side, increased business regulations, rising health care costs and mandates imposed by Obamacare - and now higher taxes on small businesses - discourage investments that raise productivity and competitiveness and create jobs.
EXPLORE
November 10, 2012
Carroll County this week received high ratings from national credit rating agencies in their annual review of jurisdictions' financial stability. Credit rating companies Fitch, Standard & Poor and Moody's gave the county marks related to credit worthiness and money management practices. The Fitch rating was AAA; Standard & Poor's was AA+; and Moody's Aa1 - all reflecting the upper level of ratings available to a county the size of Carroll. Standard & Poor's Rating Service report noted the county's "diverse economy" and "strong income and property wealth, coupled with unemployment below state and national rates.
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