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Poor Credit News:
Albany's credit rating upgraded (Albany Times Union)
Standard & Poor's cites city's stable economy, strong financial position ALBANY ? Albany's credit rating may make its bonds the best buy of any Capital Region city.Standard & Poor's upgraded the city's rating two levels to AA-, giving it the highest rating of any Capital Region city. Mayor Jerry Jennings tied the seal of approval to the city's budgeting efforts, that include 10 vacant police ... Credit market recovery slips on carmaker fears (AP via Yahoo! News)
Investors flooded into government debt again on Thursday, sending Treasury yields to multiyear lows as ongoing worries about an auto industry collapse impede the credit markets' attempts at a recovery. Winnipeg's credit rating remains steady (CJOB News First)
The major credit rating agencies -- Standard and Poor’s and Moody’s Investors Service have reaffirmed Winnipeg’s credit rating, at AA stable and Aa1 stable, respectively. Standard and Poor's Downgrades Auto Suppliers (WDET-FM Detroit)
In another sign that carmaker’s troubles are extending into the greater economy…Standard and Poor’s downgraded two auto suppliers’ credit ratings today (Thurs.)…and placed 13 more on Credit Watch. WDET’s Sarah Cwiek has details… SOQ S-and-P actually downgraded credit ratings for Dana Holding Corporation and Magna International…the latter being one of the few auto suppliers who retains ...
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