Dallas County remains in good standing with credit rating agency

Source: Dallas Morning News

One of the nation’s major credit rating agencies has backed off its assessment that Dallas County’s financial outlook is negative.After intense lobbying by county officials, Moody’s Investors Service changed the county’s outlook to “stable.”“It is great ...
Full article at: Dallas Morning News  More like this  19 hours ago

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Agency finds Maine debt outlook improved

Source: The Portland Maine Press Herald

Just a week after Moody's Investors Service downgraded its outlook on Maine's economic health, the rival debt-rating agency Standard ...
Full article at: The Portland Maine Press Herald  More like this  21 hours ago

Travelers Upgraded to Neutral - Analyst Blog

Source: NASDAQ

We are upgrading The Travelers Companies Inc ( TRV ) to Neutral from Underperform on the back of strong first-quarter results. Operating earnings surpassed the Zacks Consensus Estimate as well as the year-ago numbers largely on lower share count d ...
Full article at: NASDAQ  More like this  23 hours ago, 6:32pm CDT

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Massachusetts sets the bar for transparency

Source: Reuters Blogs

For openness in finances, debt management and budget process, Massachusetts is the gold standard among states. The legislature and executive branch have collaboratively embraced a five-year budgeting process and committed ...
Full article at: Reuters Blogs  More like this  1 day ago, 4:36pm CDT

Clock ticking on Illinois Medicaid, pension reforms

Source: Reuters Mobile

A selection of our best photos from India from the past seven days. Slideshow (Reuters) - Facing a May 31 deadline, the Illinois General Assembly on Friday raced to pass legislation to stop the state from si ...
Full article at: Reuters Mobile  More like this  1 day ago, 4:31pm CDT

What's the Blue Oval worth? A big chunk of $1.5B

Source: Automotive News

David Phillips is deputy managing editor of autonews.com. For thousands of motorists the Blue Oval is just another hood ornament whizzing by on an expressway. But for Ford, there is real money being mined ...
Full article at: Automotive News  More like this  1 day ago, 3:12pm CDT

Beyond Mismanagement: Did MF Global Mislead?

Source: AOL News

During the meeting [on Friday Oct. 21, 2011 -- 10 days prior to the firm's bankruptcy filing], MF Global made clear to Moody's for the first time that MF Global's repurchase-to-maturity transactions were not client-driven transaction ...
Full article at: AOL News  More like this  1 day ago, 2:01pm CDT

Power ministry to rate discoms

Source: Business Standard

“Marks would be assigned for both current levels of performance and relative improvement over the baseline parameters. It would also rank the utilities on the basis of performance,” the ministry said. In addition to credit rating agencies, state distribu ...
Full article at: Business Standard  More like this  1 day ago, 1:59pm CDT

Rating agencies warn feds risks downgrade without deficit plan

Source: The Hill

Such a delay would not guarantee a downgrade, but officials at rating agencies say they need to be convinced that Washington has a real plan to reduce its growing debt if the nation is to avert future downgrades. Rating agencies ...
Full article at: The Hill  More like this  1 day ago, 1:55pm CDT