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U.S. Public Finance Ratings Roundup Q2 2001 Jul 01 Product Image

U.S. Public Finance Ratings Roundup Q2 2001 Jul 01

  • ID: 1751519
  • July 2001
  • Region: United States
  • Standard & Poors

FEATURED COMPANIES

  • Addison
  • Burleson
  • Collin Cnty Hsg Fin Corp.
  • Georgetown
  • Massachusetts Hsg Fin Agy
  • North Carolina
  • MORE

Abstract
The second quarter of 2001 continued a long 22-quarter stretch in which the number of rating upgrades in each quarter surpassed the number of rating downgrades in most sectors (with a notable exception being health care). However, breaking the five-plus year streak, the dollar amount of downgrades edged out upgrades in the second quarter by a ratio of 1.1:1, reflecting the California rating actions (see Western region section below) as well as a large utility downgrade (see Utility section below). California credit downgrades represent $30.4 billion of the $31.2 billion in tax-backed debt downgraded (97%). Absent the California downgrades, overall upgrades (par amount) exceeded downgrades (par amount) by a ratio of 2:1. The California issues aside, the past period of...

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

- New Haven
- Santa Ana Comnty Redev Agy
- Little Rock
- Saratoga
- Baltimore Mayor & City Council
- Winston-Salem
- Columbia Cnty
- Arkansas Elec Coop Corp
- Fashion Inst Of Tech
- American Airlines Inc.
- Dresdner Bank AG
- United Air Lines Inc.
- Commerzbank AG
- Collin Cnty Hsg Fin Corp.
- Encinitas
- Carson Redev Agy
- Massachusetts Hsg Fin Agy
- Boston
- Hillsborough Cnty
- Charlotte
- Hawaii Cnty
- Maui Cnty
- Chelsea
- Needham
- Texas
- Hawaii
- Middlesex Cnty
- Minnesota Hsg Fin Agy
- Ramsey Cnty
- Beaufort Cnty
- Virginia Beach
- Sugar Land
- Tarrant Cnty Coll Dist
- Amarillo
- Addison
- Charleston Cnty
- Georgetown
- Tallahassee
- Pflugerville
- Burleson
- Katy
- North Carolina
- California

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