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Buttigieg: City's in good financial shape
South Bend TribuneSOUTH BEND -- The city of South Bend is in good financial shape. In fact, it's in better financial shape than many other cities its size in the state. That was the gist of Mayor Pete Buttigieg's address to the Common Council Monday concerning the...Tags: Government, National Government, Science and Technology, Safety of Citizens, Politics
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Is S&P to blame?
Federal and state prosecutors sued the credit rating agency Standard & Poor's this week for allegedly defrauding investors by giving inflated ratings to complex mortgage-backed securities that proved all but worthless after the housing bubble burst. The...
Tags: Kamala D. Harris, Economy, Business and Finance, Derivative Securities, Mortgages, Credit and Debt
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Justice Department, state officials to announce Standard & Poor's suit
WASHINGTON -- Justice Department officials and attorneys general from California and several other states were set Tuesday morning to announce a landmark civil suit against Standard & Poor's Corp. concerning the company's credit ratings of troubled...
Tags: Standard & Poor's Financial Services LLC, Kamala D. Harris, Economy, Business and Finance, Trials, Mortgages
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S&P helped cause financial crisis with faulty ratings, Feds allege
WASHINGTON -- Standard & Poor's Corp. helped cause the financial crisis by misleading investors with falsely high credit ratings on bonds backed by toxic subprime mortgages, federal officials alleged Tuesday in announcing a civil suit against the company....
Tags: Kamala D. Harris, Business Institutions, Economy, Business and Finance, Credit and Debt, Derivative Securities
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S&P says it faces Justice Department suit for mortgage ratings
WASHINGTON -- The Justice Department plans to file a civil lawsuit against Standard & Poor's for its ratings of mortgage-related investments leading up to the financial crisis, the company said Monday. The suit focuses on S&P's ratings in 2007 of some...
Tags: Justice System, Moody's Corporation, U.S. Department of Justice, Financial Markets, Economy, Business and Finance
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State delays borrowing $500 million after credit rating downgrade
Clout StreetIllinois budget officials say the state will delay today's planned sale of $500 million in construction bonds after a recent credit downgrade. A spokesman for Gov. Pat Quinn's budget office said the decision was made after conversations with potential...Tags: Moody's Corporation, Standard & Poor's Financial Services LLC, Illinois Governor, Credit and Debt, Pat Quinn
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Transcript of State of the State Address delivered by Missouri Governor Jay Nixon January 28, 2013
Thank you, President Pro Tem Dempsey, Speaker Jones, judges of the Missouri Supreme Court, Lieutenant Governor Kinder, state officials, members of the legislature, members of my cabinet, and my fellow Missourians. This evening it is my pleasure to be...Tags: University of Missouri , Ethics, Afghanistan, Sports, Crime, Law and Justice
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Illinois credit rating sinks to worst in nation
Clout StreetSPRINGFIELD — Illinois fell to the bottom of all 50 states in the rankings of a major credit ratings agency Friday following the failure of Gov. Pat Quinn and lawmakers to fix the state’s hemorrhaging pension system during this month’s...Tags: Government, Illinois Governor, Credit and Debt, Politics, Executive Branch
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California finances praised but not upgraded by Moody's
PolitiCalA major Wall Street rating agency said Monday morning that Gov. Jerry Brown's latest budget proposal shows California's finances are on the mend. But the agency, Moody's Investors Service, cautioned that California's progress could easily stall given... -
Fitch warns that debt-limit delay could hurt U.S. credit rating
WASHINGTON — A failure by Congress to raise the debt limit "in a timely manner" could lead to a downgrade of the nation's AAA credit rating, Fitch Ratings said Tuesday. Republicans want major government spending cuts in exchange for a debt-limit...
Tags: Moody's Corporation, U.S. Department of the Treasury, Ben Bernanke, Economy, Business and Finance, Barack Obama
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Illinois credit rating takes hit after no action on pensions
Clout StreetSPRINGFIELD — One of the nation's leading credit-rating firms put Illinois on a negative watch list today because Gov. Pat Quinn and state lawmakers failed to address the overwhelming public pension debt in the just-completed lame-duck session....Tags: Government, Regional Authority, Illinois Governor, Credit and Debt, Executive Branch
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Congressional deal to avoid fiscal cliff draws scant praise
Staff Writer, Copy EditorNow that a last-minute agreement averting the nation’s going over the “fiscal cliff” has been reached, some are questioning how they will be personally impacted. The U.S. House of Representatives on Tuesday voted to approve a bill...Tags: Unemployment, Career and Workplace, Employment, Credit and Debt, Politics
Feb 11, 2013
|Story| South Bend Tribune
Feb 6, 2013
|Story| Los Angeles Times
Feb 5, 2013
|Story| Los Angeles Times
Feb 5, 2013
|Story| Los Angeles Times
Feb 4, 2013
|Story| Los Angeles Times
Jan 30, 2013
|Story| Chicago Tribune
Jan 29, 2013
|Story| KY3-TV
Jan 25, 2013
|Story| Chicago Tribune
Feb 4, 2013
| Los Angeles Times
Jan 15, 2013
|Story| Los Angeles Times
Jan 11, 2013
|Story| Chicago Tribune
Jan 2, 2013
|Story| Imperial Valley Press Online
Original site for Ratings topic gallery.
