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Munis remain steady; Treasuries rose slightly in uneventful summer Friday bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.
Demand was brisk in the primary market while the short-term market traded sideways on the pressure from the heavy new issue calendar, the release of the FOMC minutes and Treasury auction. ....
Puerto Rico water utility to do bond sale, exchange, and tender in August bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.
REGISTER NOW Moody s Investors Service has withdrawn its ratings for Puerto Rico and its various authorities for its own business reasons, the agency said Tuesday. The withdrawal actions are not related to the current ongoing restructuring processes under the Puerto Rico Oversight, Management, and Economic Stability Act,” the agency said in a release. Moody s would not comment further, though pointed to its policy for withdrawal of credit ratings, which note that default, incorrect, insufficient or otherwise inadequate information, among other issues can result in a withdrawal, not an uncommon occurrence. Fotolia When [Moody s] indicates that a Credit Rating was withdrawn for business reasons, this often refers to [Moody s] business reasons, not the business reasons of the rated entity or obligor, the policy states. Business reasons generally do not reflect any concerns about the rated entity’s creditworthiness or the quality of its management. Where ....
In a first, PR Oversight Board agrees with local government on budget bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.