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Credit Ratings

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Top Credit Ratings Articles

Displaying items 37-48
  • Legg Mason names new chairman

    Legg Mason names new chairman
    Legg Mason Inc. announced the appointment of Dennis M. Kass, an independent director and former CEO, as its new chairman during the annual shareholders meeting Tuesday. Kass, 62, joined the board of the Baltimore-based money manager in April and replaces...
  • Legg Mason earns $47.8 million in first quarter

    Legg Mason earns $47.8 million in first quarter
    Legg Mason Inc. reported better-than-expected earnings Thursday and its first quarter in years with more money flowing into its mutual funds than being withdrawn. The Baltimore-based money manager posted a $47.8 million profit in the quarter April...
  • U.S. suit against S&P: Bad for business, bad for democracy

    U.S. suit against S&P: Bad for business, bad for democracy
    The Justice Department is accusing Standard & Poor's of defrauding investors with optimistic ratings of mortgage-backed securities and derivatives prior to the financial crisis. While investors are entitled to answers about those conflicts, compensation...
  • Understanding the Dynamics of Inventory

    ADVERTORIAL CONTENT After what was easily the longest economic downturn in recent times, momentum is building and national headlines are trumpeting news of economic gains. In the residential housing sector, these swiftly-changing market dynamics...
  • A do-nothing Congress returns to Washington; don't expect much

    A do-nothing Congress returns to Washington; don't expect much
    A wild windstorm swept through the nation's capital on Saturday, tossing broken tree limbs, downing power lines and forcing thousands of suburbanites to eat dinner by candlelight. On Sunday, with the skies sunny and mostly clear, the oppressive heat...
  • Stalemate in Congress makes tax planning nearly impossible

    Here we are less than six months away from the "fiscal cliff" and Congress shows little sign of pulling the country back from the brink. The fiscal cliff is the result of the Bush-era tax cuts expiring at year's end combined with $1.2 trillion in...
  • Part two: Warning signs

    Part two: Warning signs
    When Bank of America credit officer Dan Petrik and his team sat down in early 2007 to analyze Sam Zell's plan to take control of Tribune Co., their numbers showed that the complex deal failed to meet five of the bank's 10 lending guidelines. There was...
  • Hilton Baltimore again loses millions

    Hilton Baltimore again loses millions
    The city-owned Hilton Baltimore lost nearly $11.2 million in 2012 — a slight improvement from a year earlier, according to an audit to be presented to the city's Board of Estimates next week. Because of mounting losses, the city was forced to...
  • City financing would enable Harbor Point developer to make $174 million

    City financing would enable Harbor Point developer to make $174 million
    The $1 billion Harbor Point development would reap a profit of $124 million for its investors without government financing to pay for its infrastructure, according to recently released city documents. That may seem like a huge payoff, but it's not...
  • State budget has no tax increases, limited spending, leaders say

    State budget has no tax increases, limited spending, leaders say
    Gov. Martin O'Malley unveiled Wednesday a budget that is "on the verge" of closing a budget gap that once stood at $2 billion.  The governor emphasized the more than 40,000 jobs he expected his $37 billion operating and $3.7 billion capital budget to...
  • Bond outlook upgraded for Anne Arundel County

    Bond outlook upgraded for Anne Arundel County
    Credit rating house Standard & Poor has assigned Anne Arundel County's bonds a AAA rating and upgraded its assessment of the county's fiscal outlook from "negative" to "stable," officials announced Monday. Moody's, another credit rating house, gave...
  • State will not be downgraded if Hyatt Regency Chesapeake Bay fails to make bond payments

    State will not be downgraded if Hyatt Regency Chesapeake Bay fails to make bond payments
    The Maryland Economic Development Corp. expects to fall short next year on payments to investors who bought the bonds that funded the Hyatt Regency Chesapeake Bay, a state-owned golf resort hotel and conference center on the Eastern Shore. Known as...