| Feb 19, 2012
Credit rating agency Fitch said Thursday that it might downgrade the Burbank-Glendale-Pasadena Airport Authority after it gets a clearer picture of the airfield’s financial standing later this year.
Fitch has already put the airport authority on...
| Mar 11, 2012
Thanks to the loss of an airline, declining parking revenues and fewer passengers using the airfield, Bob Hope Airport is facing one of its roughest budget years ever, officials reported this week.
Airport officials also are staring at a multimillion-...
| Nov 23, 2011
| 9:46 AM
The credit rating agency Fitch this week warned that a planned $90-million transit center could significantly increase Bob Hope Airport's debt burden.
In maintaining its AA- rating for the Burbank-Glendale-Pasadena Airport Authority, the agency warned...
| Jan 20, 2012
| 3:02 PM
After the largest tax increase in Connecticut state history, a key Wall Street rating agency downgraded the state's bonds Friday as the state is teeter-tottering toward a deficit in the current fiscal year.
The Moody's Investors Service rating agency...
| Jun 9, 2012
| 4:52 PM
Rising from the rubble of an old industrial site, the 20,000-seat Toyota Park was supposed to put a small suburb on the map.
Yet the soccer stadium also has become a model of what can go wrong when a little town takes massive development gambles in a...
| May 6, 2012
| 2:11 PM
PARIS (Reuters) - Socialist Francois Hollande swept to victory in France's presidential election on Sunday in a swing to the left at the heart of Europe that could start a pushback against German-led austerity.
Hollande beat conservative incumbentNicolas...
| Dec 31, 2011
| 6:45 PM
UNIVERSITY PLACE, Wash.—Long a model American community with high-performing schools, beautiful parks and rising real estate values, this city of 31,000 on the Puget Sound has lately turned into a reluctant showcase for the downgrading of America....
| May 12, 2012
| 2:18 PM
NEW YORK/LONDON (Reuters) - JPMorgan Chase & Co lost $15 billion in market value and a notch in its credit ratings on Friday while a chorus of regulators and politicians reacted to its surprise $2 billion trading loss by demanding stiffer oversight for...
| Jan 6, 2012
| 1:56 PM
Though Illinois took steps in the last year to address its fiscal crisis, including a temporary hike in the corporate and personal income tax rates, the steps did not lift the ratings on its debt.
As the state prepares to take $800 million in general...
| Jan 10, 2012
| 4:11 PM
The decision by American Airlines to pull out of Bob Hope Airport might further harm an airfield that has been grappling with a yearlong slide in passenger numbers, which gained the notice of an important credit rating agency.
American, which made up 7....
| Jan 11, 2012
Gov. Pat Quinn on Tuesday sought to ease concerns about a recent downgrade in the state's bond rating that cemented Illinois as the state with the nation's worst credit rating, saying he will push for major pension reforms this year to try to reverse it....
| Jan 20, 2012
| 3:20 PM
The withdrawal of American Airlines from Bob Hope Airport is more than just another bump in the road for the regional airfield.
FOR THE RECORD: This editorial incorrectly stated the number of passengers the Bob Hope...