Standard & Poor's (S&P) affirmed its "A" rating of American Capital Access (ACA) with a "stable" outlook on the insurer. S&P's action, which it...
Muni Bonds News and Perspectives
Below are bond market commentaries, strategies and analyses written by our municipal bond specialists. They are listed by date.
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Feds to Get Their Day in Court, But They Have a Tough Road Ahead in Tobacco Suit
The Department of Justice's case against the tobacco industry is finally went to trial on Sept. 21. The underlying issues have not changed, and our opinion...
Another ‘A’ for California
It's unanimous! Following the lead of Moody's and Standard & Poor's (S&P), Fitch Ratings upgraded the rating of California General Obligation debt....
When Cash is not King
It happened again. The talking heads couldn't contain themselves after remarks by the Fed chairman and now, several months later, investors are paying the...
S&P Raises California’s Credit Rating
Standard & Poor’s, citing a pickup in the state’s economy and the enactment of a 2005 budget, raised California’s credit rating three notches to A from...
Biggest Remaining Holdout Joins Master Settlement Agreement
Vibo Corp., the biggest cigarette company remaining outside the Master Settlement Agreement (MSA), has agreed to join the accord as a participating...
Rating Agencies Provide Positive News to California Investors
Fitch Ratings announced that it removed California general obligation debt from "rating watch negative" and reaffirmed its BBB rating with a "stable outlook."...
Big Tobacco’s Market Share Stabilizes
Tobacco companies that provide the lion's share of funding under the Master Settlement Agreement (MSA) have seen their market share stabilize over the last...
ACA’s Strength is Reaffirmed
ACA announced it has received a $120 million equity investment, strengthening its capital base considerably. The investment decision by Bear Stearns Merchant...
What’s Wrong with this Picture?
How important is the municipal bond market, and how much useful information does the media provide to investors? Consider this. On a daily basis, the dollar...
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