Posts Tagged ‘credit’

Choctaws used credit to pay for casino construction

by Published: August 29,2011

Tags: casinos, construction, credit, debt, gambling, gaming

SANDERSVILLE — Although the Mississippi Band of Choctaw Indians said in May that profits from its casino had paid off its $18 million construction costs at its Bok Homa casino in Jones County, financial documents show that the tribe used a $10-million line of credit to help pay that cost. A campaign flier from Beasley […] [...]

State scores near top in consumer distress index

by Published: February 21,2011

Tags: credit

ATLANTA — CredAbility, one of the leading nonprofit credit counseling and education agencies in the United States, today released the CredAbility Consumer Distress Index results for the 2010 fourth quarter, and Mississippi posted the second-worst score. The Index, a quarterly measure that tracks the financial condition of the average U.S. household, found that rising stock […] [...]

Fitch awards Southern Co. better outlook

by Published: December 28,2010

Tags: credit, debt, electricity, energy, utilities

ATLANTA — Fitch Ratings has revised the rating outlooks of the parent company of Mississippi Power, Southern Company (Southern; Fitch Issuer Default Rating [IDR] of ‘A’), and its subsidiary, Georgia Power Company (GPC; IDR of ‘A’) to “stable” from “negative.” In addition, the ratings of both issuers are affirmed. Fitch said: “The revision of Southern’s […] [...]

Study: Consumers’ distress near tops in nation

by Published: November 17,2010

Tags: consumer confidence, credit, debt

ACROSS MISSISSIPPI — CredAbility has released the CredAbility Consumer Distress Index results for the 2010 third quarter. And Mississippi consumers nearly top the index. The index, a quarterly measure that tracks the financial condition of the average U.S. household, found that the incremental improvements in consumer financial health in the first half of 2010 have […] [...]

ABA: Consumer loan delinquencies improved

by Published: October 5,2010

Tags: banking and finance, credit, debt

WASHINGTON – Consumer loan delinquencies generally improved in the second quarter of 2010, as bank card, home equity loans, and auto loans all showed improvement according to the American Bankers Association’s Consumer Credit Delinquency Bulletin. The results were not as broadbased as the previous two quarters and, as a result, the composite ratio, which tracks delinquencies […] [...]

Discover’s performance boosted by settlement

by Published: September 20,2010

Tags: banking and finance, credit, loans

NEW YORK — Credit card company Discover Financial Inc. says third-quarter net income fell, but profits in the year-earlier period received a big boost from a lawsuit settlement. Net income was $258.2 million, or 47 cents per share. That compares with $552.9 million, or $1.07 per share, last year, which included a $287 million settlement […] [...]

Credit Managers’ Index gives room for optimism

by Published: September 2,2010

Tags: credit, debt, economy, manufacturing, railroads, retail

Columbia, Md. — The trend in data this past week was hardly encouraging, resulting in another chorus of pronouncements regarding an imminent return to recession. The housing market remains in the doldrums, GDP numbers were revised down in reaction to the worsening trade deficit numbers and there was a decline in the markets. In the […] [...]

Report: State nearly leads nation in ‘financial distress’

by Published: August 27,2010

Tags: consumer spending, credit, debt, economy

ATLANTA — CredAbility has released the CredAbility Consumer Distress Index results for the 2010 second quarter, and the news is not good for Mississippi. The index, a quarterly measure that tracks the financial condition of the average U.S. household, finds that high levels of unemployment and the strain of housing costs continue to keep consumers […] [...]

Credit card debt drops to eight-year low

NEW YORK — The amount consumers owed on their credit cards dropped to its lowest level in eight years, as cardholders continued to pay off balances in the uncertain economy. The average combined debt for bank-issued credit cards — those with a MasterCard or Visa logo — fell to $4,951 in the second quarter, down […] [...]

Latest CMI reflects ‘stuttering’ economy

by Published: August 3,2010

Tags: consumer spending, credit, debt, economy, factory orders

COLUMBIA, Md. — July’s Credit Managers’ Index (CMI) continued to show that the economy as a whole is stuttering. The overall index remains above 50, but not by much, and these levels have not been seen since late last year when the index was down to 52.9 in December. As recently as April, the combined […] [...]

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