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Credit Ratings

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Displaying items 1-5
  • Africa: an investment opportunity [Commentary]

    When President Barack Obama convenes nearly 50 African leaders in Washington next week for the U.S.-Africa Leaders Summit, the grand scale of the event could fill television screens for days. The real action, however, will be the behind-the-scenes, headlong rush by both Africans and Americans to capitalize on a new economic reality: Africa is on the move. And America's businesses and investors have just as many reasons to bring their business cards to the summit as Africans do.
  • Legg Mason continues growth after years of withdrawals

    Legg Mason continues growth after years of withdrawals
    Legg Mason Inc. reported Thursday its quarterly profit grew 51 percent, thanks to a strategy that has diversified the money manager's investment portfolio. The Baltimore-based company said it earned $72.2 million, or 61 cents per share, in the three...

    Warning signs for Md.'s budget [Editorial]

    Warning signs for Md.'s budget  [Editorial]
    Gov. Martin O'Malley's decision to seek $77 million in cuts to a budget that's barely 24 hours old is a sobering reminder that the state's economic recovery is tenuous at best. Maryland experienced no gross domestic product growth last year, and job...

    Legg restructures debt amid signs of turnaround

    Legg restructures debt amid signs of turnaround
    Legg Mason plans to close a deal this month to restructure $650 million in debt, a move designed to lock in favorable interest rates for the long term while taking advantage of the market's sustained appetite for corporate bonds. The money raised from...

    Maryland gets AAA rating from bond houses

    Maryland gets AAA rating from bond houses
    Maryland kept its coveted AAA bond rating this week, an accomplishment that allows it to continue borrowing cash more cheaply than most states. Gov. Martin O'Malley heralded the rating from New York bond agencies Tuesday as proof of his sound fiscal...