Latest General obligation bond Stories

2011-07-13 14:44:00

Bond Issuances Yield Excellent Results SAN ANTONIO, July 13, 2011 /PRNewswire-USNewswire/ -- The City of San Antonio's 'AAA' general obligation bond rating has been affirmed by the three major bond rating agencies, Standard & Poor's, Fitch, and Moody's. The 'AAA' bond rating is the highest credit rating that an entity can receive. San Antonio is the only city with a population of more than 1 million to receive a 'AAA' general obligation rating from all three major rating agencies....

2009-02-03 20:11:42

California had its credit rating reduced Tuesday, making the Golden State the worst credit risk of all 50 states, analysts say. Credit rating company Standard & Poor's cut California's rating on the state's debt because of the impasse between the state Legislature and Gov. Arnold Schwarzenegger over how to close a budget gap, estimated at $42 billion through fiscal 2010. S&P lowered its rating on the state's $46 billion in general obligation bonds to A from A-plus, citing the state's...

2005-12-23 18:00:55

By Jim Christie SAN FRANCISCO (Reuters) - California Gov. Arnold Schwarzenegger's plan for a potentially massive infrastructure bond will not include tax increases to finance the debt he will propose, a spokesman said on Friday. Additionally, it is unlikely the Republican governor who has taken a hard anti-tax line in prior state budgets will propose raising taxes in his next budget plan next month, said H.D. Palmer, a spokesman for the state finance department "I wouldn't bet the...

Word of the Day
  • The ragged surface of a lava-flow.
'Malpais' translates from Spanish as 'bad land.'