Sentences with phrase «obligation bonds on»

The recent ratings downgrades by both Moody's and S&P Global Ratings have placed the State of Illinois general obligation bonds on the edge of becoming junk.

Illinois postponed a sale of $ 500 million of general obligation bonds on Jan. 30 after a ratings downgrade increased the cost of financing.

The recent ratings downgrades by both Moody's and S&P Global Ratings have placed the State of Illinois general obligation bonds on the edge of becoming junk.

Not exact matches

Although no state has defaulted on general obligation bonds in over 80 years, the 19 th century witnessed numerous instances in which states - and the Florida territory - defaulted on their debts or even repudiated them outright.

Meanwhile, in Detroit, the city initially classified its general obligation bonds as unsecured debt before settling with creditors for less than 100 cents on the dollar.

an interest - bearing promise to pay a specified sum of money (the principal amount) on a specific date; bonds are a form of debt obligation; categories of bonds are corporate, municipal, treasury, agency / GSE

They decided to focus on selecting bonds issued by the government of Puerto Rico and its public corporations, which could include infrastructure bonds backed by alcohol taxes and general obligation bonds.

Credit ratings are published rankings based on detailed financial analyses by a credit bureau specifically as it relates the bond issue's ability to meet debt obligations.

The settlement specifically pertains to unlimited - tax general obligation bonds, Orr said on «Squawk on the Street.»

It depends on the interest rate of the United States Treasury bond, which is considered the «risk - free» rate because Congress can always tax people or print money to wipe out those obligations (each has its problems, but the theory here is sound).

Despite the threat of a Lake in the Hills condemnation lawsuit to buy the Hoffman Farm on Illinois Highway 31, the Cary Park District voted Thursday night to issue $ 12 million in general obligation bonds to finance the acquisition of the farmland.

Sportsplex would take on the bulk of the construction cost - about $ 5.5 million - and the Park District would issue general obligation bonds to finance the remainder.

HOFFMAN ESTATES — The Hoffman Estates Park District Board on Tuesday night voted unanimously to issue $ 17.7 million in general obligation bonds for the design and construction of the Prairie Stone Community Center.

ELMHURST — The Elmhurst Park District board on Monday authorized issuing $ 975,000 in general obligation bonds for improvements, including repair of a ceiling in the Courts, its health facility on West Avenue.

O'Reilly on Twitter Monday called Senate GOP Leader Dean Skelos a «prison punk» after the Long Island Republican provided a congratulatory quote on a press release from Gov. Andrew Cuomo on the historic improvement of the state's general obligation bond rating.

It has a permanent tax base, so in theory it can time - shift its debt obligations indefinitely - without even reducing the bond - rating by simply shifting the ratio of revenue spent on debt servicing versus every other obligation.

Notably, in June 2012, Standard and Poor's Ratings Services lowered the county's long - term general obligation bond rating to «BBB - «from «BBB +» and rated the management practices as «vulnerable» based on overly optimistic budgeting.

Pension costs, including payments on pension obligation bonds, totaled $ 504 million, the report indicted.

If the film were described as a tutorial on MBS (Mortgage - backed Securities), CDO (Collateralized Debt Obligations), Credit Default Swaps, Tranches, Bond Ratings, and Sub-Prime ARMs, most people's eyes would glaze over and they would keep skimming for showtimes of other new movie releases.

On the other hand, a secured bond is a bond in which specific assets are pledged to bondholders if the company can not repay the obligation.

While covered bonds are secured by a pool of assets, there is no guarantee that the cover pool will adequately or fully compensate investors in the event that an issuer defaults on its payment obligations.

A corporate bond also comes with the risk that the company will not make good on its obligations, known as credit risk.

an interest - bearing promise to pay a specified sum of money (the principal amount) on a specific date; bonds are a form of debt obligation; categories of bonds are corporate, municipal, treasury, agency / GSE

So, unless something truly catastrophic happens (like the US government defaulting on its bonds) or people in the company break the regulations (which would invovle all kinds of serious crimes and require complicity or complete failure of the auditors), your premiums and the contractual obligation to you would still be there, and would be absorbed by a different insurance company that takes over the defunct company's business.

For example, the annual return on long - term US Treasury bonds is likely to be very different from the return reported for high - yield corporate bonds or general obligation (GO) municipal bonds.

The Capital Base included in CPR is also likely to be overstated because the investment assets of the bond insurers consist primarily of bond insurer guaranteed obligations that are valued inclusive of the guarantee, when they should be valued on an unwrapped basis.

You might use them to fund a future obligation on a specific date: if you know that you will need your money in 2015 for a down payment, you could buy the RBC Target 2015 ETF instead of putting it in a savings account or buying a four - year bond or GIC.

The U.S. territory also is grappling with $ 70 billion in debt, ratings firms have downgraded its bonds to one notch above junk and investors fear it could default on its obligations.

* Review focused on bonds issued by and are the general obligation of counties and cities.

When you own a bond, your name is just on someone's temporary obligation.

Unlike corporate bonds or municipal bonds, Treasuries are considered to have a zero chance of default; markets assume that the U.S. will always make good on its financial obligations.

the dollar amount of all interest earned on government and corporate debt obligations and short - term certificates of deposit, as well as interest earned from cash in a brokerage account; for bond ladders it represents the estimated annual income that will be received from the securities that make up the rung; the income is calculated by multiplying the coupon rate by the quantity of bonds (face value)

a type of municipal bond backed by the full faith, credit, and taxing power of the issuer, specifically its ability to collect taxes; only entities that have the right to levy and collect taxes can issue general obligation bonds; certain governmental entities are subject to legal limits on the amount of taxes that they can impose, and their issues are called limited - tax general obligation bonds; unlimited - tax bonds are issued by government entities that are not subject to those limits

On the other hand, from the point of view of a distressed bond buyer seeking to reorganize the company, the market price of the debt obligation (particularly as a percentage of claim) becomes the key number.

The credit ratings are published rankings based on detailed financial analyses by a credit bureau specifically as it relates to the bond issue «rs ability to meet debt obligations.

Surety bonds, like most bond issues, tend to be quite large and therefore the issuing organization assumes more risk should the company which took on the debt go out of business or fail to meet financial obligations of the issuance.

Puerto Rico municipal bonds have enjoyed a positive bounce in 2016 however the general obligation bonds are still a small anchor on performance of the high yield municipal bond market as the S&P Municipal Bond Puerto Rico General Obligation Index is down over 2 % year - to - dbond market as the S&P Municipal Bond Puerto Rico General Obligation Index is down over 2 % year - to - dBond Puerto Rico General Obligation Index is down over 2 % year - to - date.

The second type, credit derivatives, is based on credit risk, or the probability of a bond issuer defaulting on an obligation.

A bond option is the right, but not obligation, to buy (via a call) or sell (via a put) a specified face value of bonds at an agreed price (the strike price) on or before the option expiration date (in the case of American - style options) or only on the expiration date (for European - style options).

The risk for bond investors that the issuer will default on its obligation (default risk) or that the bond value will decline and / or that the bond price performance will compare unfavorably to other bonds against which the investment is compared due either to perceived increase in the risk that an issuer will default (credit spread risk) or that a company's credit rating will be lowered (downgrade risk).

Interest on private - activity bonds [other than 501 (c)(3) obligations] issued after August 7, 1986, is used for such a calculation.

For purposes of state income tax, interest on United States savings bonds, United States treasury bills, and various other bonds or obligations of the United States and U.S. territories are exempt.

If the issuer of a bond does not default on its bond obligations, but makes other financial mistakes that lower the issuer's credit rating, the value of the bonds likely drops.

Municipal Bond Risk (Municipal Bond Fund only): The value of municipal bonds that depend on a specific revenue source or general revenue source to fund their payment obligations may fluctuate as a result of changes in the cash flows generated by the revenue source (s) or changes in the priority of the municipal obligation to receive the cash flows generated by the revenue source (s).

Listed companies must also give information on their bonds to the ASX as part of their disclosure obligations.

The election on April 4 will ask voters in Kansas City a simple yes or no for Question 3, which would approve a general obligation bond package that includes the shelter and «Americans with Disabilities Act improvements to public buildings and structures.»

The American Bar Association's (ABA) Forum on Construction Law event focused on the key insurance and surety bond products available to transfer risk and on issues concerning the relationship between those insurance products and contract provisions and performance obligations.

The event focused on the key insurance and surety bond products available to transfer risk and on issues concerning the relationship between those insurance products and contract provisions and performance obligations.

Arik focuses his practice on public finance in a variety of capacities, including bond counsel, underwriter's counsel, borrower's counsel and credit enhancer's counsel in connection with the issuance of tax - exempt bonds and taxable obligations.

For the most part, however, because enforcing debts against state governments is so difficult, transactions are structured as much as possible to prevent the need to enforce debts in that way through (1) legal limitations on governmental liability, (2) legislative budget rules requiring interest on debt and currently due principal payments to be made first, (3) third - party bonding of state and local governmental construction projects, (4) the creation of publicly owned corporations whose debts can only be collected out of the corporation's assets and revenues, and (5) avoidance of trade credit obligations by paying bills in cash.