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Liquidity assessments: an alternative financing option for variable-rate debt.
An environment of volatile and very high interest rates in the late 1970s and early 1980s led to significant innovations in the municipal debt markets that remain operative today For municipal bond investors, volatile interest rates: translated to the risk of severely depressed asset values as long-term rates rose to unprecedented levels. Similarly, issuers of long-term municipal debt struggled with the burden of high debt service costs brought on by the same unstable and high interest rate setting. Based on these factors, variable-rate demand obligations (VRDOs) were developed that allow nominally long-term debt to behave (and be priced) as if it were short-term paper, ...
- CARE rates at PR2 Euro Ceramics' commercial paper/short-term debt.
- News wire article from: ADP Debt News September 17, 2009 700+ words
...USD 5.2m/EUR 3.5m). The SO, namely commercial paper/short-term debt with a tenure of up to one year, is backed by...irrevocably undertakes to provide the subscriber of commercial paper the comfort to honor the commitment on due date...
- DBRS Raises Ford Credit Canada Limited's Ratings for Commercial Paper and...
- Press release article from: PR Newswire June 30, 1999 700+ words
...has upgraded the commercial paper and senior debt...high), for the commercial paper and long-term debt respectively...short- and long-term debt ratings will expand...direct issuer of commercial paper with over C$5...
- COOPER INDUSTRIES, INC. COMMERCIAL PAPER AND LONG-TERM DEBT RATED BY DUFF &...
- Press release article from: PR Newswire December 20, 1993 700+ words
...assigned initial credit ratings to the long-term debt and commercial paper of Cooper Industries. D&P rates Cooper...unsecured debt "A" (Single-A) and its commercial paper program, which is supported by $1.7 billion...
- Standard and Poor's places Jostens Inc.'s commercial paper and long-term debt...
- Press release article from: PR Newswire August 11, 1986 700+ words
...Standard and Poor's said today it has placed Jostens Inc.'s 'A-1'-plus rated commercial paper and single-'A'-plus rated long-term debt on CreditWatch with negative implications due to the company's plan to repurchase up to...
- Standard and Poor's not to revise or put on CreditWatch any French issuers'...
- Press release article from: PR Newswire May 23, 1986 700+ words
...at this point, Standard & Poor's will not revise or put on CreditWatch any French issuers' commercial paper or long-term debt ratings. Some of these entities may never be denationalized. And the time frame for those that could...
- DCR Reaffirms McKesson Corporation's Long-Term Debt; Downgrades Commercial...
- Press release article from: PR Newswire October 21, 1998 700+ words
...MCK) long-term debt ratings and downgraded...the company's commercial paper rating to 'D...The long-term debt ratings remain...back-up the commercial paper program. The...increase of short-term debt intended to finance...
- Duff & Phelps Credit Rating Co. Rates Citizens Utilities' Long-Term Debt AA+...
- Press release article from: Business Wire August 21, 1996 700+ words
...companies currently have long-term debt rated by Duff & Phelps...coverage on Citizens' long-term debt and commercial paper. These ratings, to quote Duff...DeSantis added that the AA+ long-term debt rating assigned by Duff &...
- Fitch Investors Service rates Citizens Utilities' Long-Term Debt AA+ and its...
- Press release article from: Business Wire November 14, 1995 700+ words
...and an F-1+ rating to its commercial paper. Citizens is one of only three...companies currently have long-term debt rated by Fitch. "We are very...coverage on Citizens' long-term debt and commercial paper. These ratings, to quote...
Source: HighBeam Research, Liquidity assessments: an alternative financing option for...