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Tag Archives: Standard and Poor’s

Analysis: Improved revenue a counterpoint to credit worries

Getting better or getting worse? That’s the question Mississippi leaders are debating after the third major credit rating agency warned last week that it was concerned about weakness in state finances and the overall economy. For credit rater Standard & Poor’s Financial Services, the answer is “getting worse.” The agency didn’t downgrade Mississippi’s credit rating last week, but did change ...

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UPDATE: S&P latest to hit Mississippi with negative credit outlook

  By TED CARTER It could have been worse. That’s the assessment Mississippi State Treasurer Lynn Fitch made after a Standard & Poor’s credit outlook downgrade to negative for Mississippi’s general obligation bond debt. Mississippi’s gets to keep its AA rating from S&P Global Ratings, but the ratings agency doesn’t see a fiscal turnaround ahead for the state any time soon. ...

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Credit rater warns on Mississippi, citing economy and taxes

Another credit rating agency is warning that the financial outlook for Mississippi government finances is weakening. Standard & Poor’s Financial Services on Tuesday downgraded its outlook for state government credit rating to negative from stable. S&P didn’t actually cut Mississippi’s debt ratings, but warned that it could later, saying it expects a budget squeeze to continue because of slow economic ...

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Stocks wobble as health care climbs and industrials fall

Major market indexes are mixed Thursday following a three-day losing streak. Industrial companies are down as heavy machinery maker Caterpillar continues to slide. Health care companies are higher and banks are rising along with bond yields. Thursday marks the eighth anniversary of the current bull market. KEEPING SCORE: The Standard & Poor’s 500 index remained at 2,363 as of 3:25 ...

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S&P continues its 5-year climb

Standard & Poor’s has been a part of the financial landscape for almost 100 years, but in March of 2009, the housing crisis brought both it and its rival Dow to their knees. The S&P Index hit a 13-year  low at 676.53, but that was just the beginning of a five-year run that has recently pushed the Index over 2,000 ...

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Feds, states join Miss. in suing S&P over suspect mortgage bond ratings

Mississippi Attorney General Jim Hood now has ample company in a fight to force Standard and Poor’s to give up hundreds of millions it made in profits in exchange for suspect ratings of mortgage bonds before the financial crisis of 2008. In essence, enforcement actions filed Tuesday by the states and U.S. Justice Department accuse S&P of a rate- for-pay ...

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