credit rating

Sep 24, 2013

Moody’s downgrades Howard U’s credit rating

WASHINGTON — Moody’s Investors Service has downgraded Howard University’s credit rating, citing revenue declines at the historically black college and automatic federal budget cuts from Congress. Moody’s issued its downgrade Tuesday after a review that began in July. Howard’s rating was reduced from A3 to Baa1, indicating a moderate credit risk. Moody’s says fundrai[...]

Feb 27, 2013

Maryland retains Triple A bond rating

Maryland has retained its prized Triple A bond rating from the three major rating agencies, state Treasurer Nancy K. Kopp said. State officials plan to sell up to $1 billion worth of general obligation bonds at the March 6 meeting of the Board of Public Works — $500 million of tax-exempt bonds and up to […]

Sep 20, 2012

S&P cuts Washington Post rating by 1 notch

NEW YORK — Standard & Poor’s cut the credit rating of the Washington Post Co. to “BBB” on Thursday, citing deteriorating performance at its Kaplan education unit and continuing declines in newspaper advertising revenue. S&P said the outlook for the rating is “negative,” and noted that the company faces risks in stabilizing both its businesses. […]

Nov 28, 2011

Fitch keeps AAA US credit rating but dims outlook

WASHINGTON — Fitch says it will keep its rating for long-term U.S. debt at the top AAA level, despite a congressional panel’s failure to agree on long-term deficit cuts. But it is lowering its outlook to negative. The rating agency says it has less confidence in the federal government’s ability to take the necessary steps […]

Aug 31, 2011

Strong auto demand lifts July factory orders

WASHINGTON — U.S. factory orders rose strongly in July on the biggest jump in demand for autos in more than eight years and a surge in commercial airplane orders. The increase suggests supply chain disruptions created by the Japan crisis are easing. Factory orders climbed 2.4 percent, the largest increase since March, the Commerce Department […]

Aug 28, 2011

Marianne D. Fishler: In volatile times, investors shouldn’t try to time market

You get a lot of information from the Internet, but not necessarily a lot of knowledge. And over the past month or so, we have been bombarded with a multitude of negative headlines: the U.S. credit rating is downgraded, second-quarter gross domestic product is lower than anticipated, European debt woes continue. No wonder the stock […]

Aug 15, 2011

Stocks rise after $19 billion acquisition flurry

NEW YORK — Stocks have closed higher for the third straight day after a $19 billion buying spree by corporations. The Dow Jones industrial average is up 213 points, or 1.9 percent, at 11,483. It has erased all its losses from last week, when it swung more than 400 points four straight days on worries […]

Aug 11, 2011

C. Fraser Smith: Ghouls, goblins and the U.S. debt crisis

EDINBURGH, Scotland — Rupert Murdoch, who was driven off Page One, may be the only one to find something good in the recent implosion of confidence and credit in governments around much of the world. President Barack Obama and Congress have been taking the lumps that had been heaped until a week or so ago […]

Aug 11, 2011

Stocks rise on small but positive economic signs

NEW YORK — Wall Street’s wildest week since 2008 continued with another 300-plus point move for the Dow on Thursday. This time, stocks shot up after investors saw small signs that the economy might not be headed into another recession. Fewer Americans joined the unemployment line last week, and a technology bellwether said revenue could […]

Aug 10, 2011

Maryland credit rating, day three

The credit rating front has been quieter Wednesday with Maryland officials believing any Standard & Poor’s rating action will not come soon, if at all. Here are some of the things that didn’t quite make the stories in the dead-tree editions as the state held its breath, waiting for an S&P downgrade and then when […]

Aug 8, 2011

Maryland credit rating: AAA or TBA

The future of Maryland’s sterling credit rating hung in doubt Monday evening after the downgrade of the nation’s debt whipped investors into a panic and pushed the stock market into a free fall. The months-long stalemate on Capitol Hill that led to that first decrease in the country’s creditworthiness rating prompted worry about the willingness […]

Aug 8, 2011

Fed gets its chance to stimulate economy

WASHINGTON — When it meets Tuesday, the Federal Reserve could signal what it can or will do to help the nation avoid another recession. Since the Fed last met in June, Standard & Poor’s has downgraded long-term U.S. debt, stock markets have plunged, Europe has struggled to contain its debt crisis and a range of […]

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