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Fitch: Panama Canal Referendum a Positive Development
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Fitch Ratings stated today that the approval of the Panama Canal expansion referendum could yield positive results for the country in the long term in terms of higher external and fiscal receipts and GDP growth prospects. However, the referendum itself will not have an immediate impact on Panama's sovereign ratings, as uncertainties remain about debt financing, future revenues from tolls, and Panama's ongoing fiscal consolidation.
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Derivative Fitch Affirms Dekania CDO II, Ltd./Inc.
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Derivative Fitch affirms seven classes of notes issued by Dekania CDO II, Ltd. (Dekania II). These affirmations are the result of Derivative Fitch's review process and are effective immediately:
-- $200,000,000 class A-1 notes at 'AAA';
-- $42,000,000 class A-2 notes at 'AAA';
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Bankruptcy Credit Repair: 3 Bandages for Life after Bankruptcy
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Millions of Americans are forced to declare bankruptcy every year, but even if you're one of those people, you can begin immediately to rebuild your damaged credit by taking a few relatively easy steps. Here are some ideas to help you get on with your life after bankruptcy:
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The Culture of Debt Amongst Young People
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It's amazing when you consider the above statement and try and get a grasp on the two concepts of Young People and Debt?Back in my day being at College or University was all about racing around and being passionate about either Politics, Music, Alcohol and whatever else (or in most cases whoever else) you were passionate about.
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For Paving Your Way towards A Debt Free Life: Debt Management
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Debt management program enables borrower to alleviate all sorts of debt difficulties. If you want to avoid any sort of debt dilemma, following a proper debt management program will be the perfect option for you.
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Bankruptcy Information - A Helping Hand In Trying Times
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Bankruptcy information is vital to help a debtor decide whether bankruptcy is indeed the best option for his/her personal circumstances. Bankruptcy is believed to be the last resort for individuals who are deep in debts. With the necessary bankruptcy information and advice, debtors can restore their financial balance in the shortest time.
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Bankruptcy Is It The First or Last Option for You - Bankruptcy Reviewed
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Bankruptcy is a very misunderstood process and it has been a hush-hush subject for so many families facing financial difficulties. Once you understand your options, you can better decide what choice you should make.
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Fitch Upgrades Continental Airlines' IDR to 'B-'; Outlook Stable
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Fitch Ratings has upgraded the debt ratings of Continental Airlines, Inc. as follows:
-- Issuer Default Rating (IDR) to 'B-' from 'CCC';
-- Senior Unsecured Debt to 'CCC/RR6' from 'CC/RR6'.
Continental's Rating Outlook is Stable.
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Fitch Upgrades AMR & American Airlines' IDRs to 'B-'; Outlook Stable
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Fitch Ratings has upgraded the debt ratings of AMR Corp. and its principal operating subsidiary American Airlines, Inc. as follows:
AMR
--Issuer Default Rating (IDR) to 'B-' from 'CCC';
--Senior Unsecured Debt to 'CCC'/RR6' from 'CC'/RR6'.
American Airlines
--Issuer Default Rating (IDR) to 'B-' from 'CCC';
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PayPro, Inc. Makes Correction of Facts Regarding MyBankCard
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-PayPro, Inc CEO Mike Terrell stated, We have looked at and are making a correction of a misprint on our financial notes. The note should have read:
"'On April 1, 2006, the Company sold ChexCard Corporation, a provider of debit banking cards. As part of the transaction, certain notes payable and other liabilities were also retired. As compensation, the Company received 2,000,000,000 shares of the Companys previously issued stock, and the stock is being held by the Company.'"
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Fitch Rates Worcester, MA's $76MM GOs and BANs, Series 2006 'A/F1+'
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Fitch assigns an 'A' rating to Worcester, Massachusetts's $47 million general obligation (GO) bonds, series 2006, and an 'F1+' to the city's $29 million bond anticipation notes (BANs), series 2006A&B. The bonds are scheduled to sell competitively on Oct. 26. UniBank Fiscal Advisory Services, Inc. is the financial advisor. Fitch also affirms the 'A' rating on the city's $561 million outstanding long-term debt and the 'F1+' on its $29 million short-term debt. The Rating Outlook is Stable.
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Fitch Upgrades J.C. Penney's IDR to 'BBB'; Outlook Stable
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Fitch Ratings has raised its ratings of J.C. Penney Co., Inc.'s (Penney) Issuer Default Rating (IDR), senior unsecured notes and debentures, and $1.2 billion unsecured bank facility to 'BBB' from 'BBB-'. Approximately $3.4 billion of debt is affected by the upgrade. The Rating Outlook is Stable.
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Derivative Fitch Affirms Preferred Term Securities XVII, Ltd./Inc.
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Derivative Fitch affirms five classes of notes issued by Preferred Term Securities XVII, Ltd./Inc. (PreTSL XVII). These affirmations are the result of Fitch's review process and are effective immediately:
--$270,800,000 class A-1 senior notes at 'AAA';
--$62,000,000 class A-2 senior notes at 'AAA';
--$58,400,000 class B mezzanine notes at 'AA';
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Fitch Affirms Berkshire Hathaway's IDR at 'AAA'; National Indemnity IFS At 'AAA'
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Fitch Ratings has affirmed the 'AAA' Issuer Default Rating (IDR) and senior debt ratings of Berkshire Hathaway (NYSE: BRK.A) and the 'AAA' insurer financial strength (IFS) ratings of the National Indemnity Group (National Indemnity). The Rating Outlook remains Stable for National Indemnity Group, while Berkshire Hathaway's Rating Outlook remains Negative. A detailed ratings list follows the end of the release.
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Derivative Fitch Affirms Preferred Term Securities IV, Ltd.
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Derivative Fitch affirms two classes of notes issued by Preferred Term Securities IV, Ltd. (PreTSL IV). These rating affirmations are the result of Fitch's review process and are effective immediately:
-- $506,000,000 senior notes 'AAA';
-- $341,000,000 mezzanine notes 'A-'.
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Derivative Fitch Affirms Preferred Term Securities IX, Ltd.
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Derivative Fitch affirms six classes of notes issued by Preferred Term Securities IX, Ltd. (PreTSL IX). These affirmations are the result of Fitch's review process and are effective immediately:
--$245,000,000 senior A-1 notes 'AAA';
--$42,000,000 senior A-2 notes 'AAA';
--$33,000,000 senior A-3 notes 'AAA';
--$86,000,000 mezzanine B-1 notes 'A';
--$16,250,000 mezzanine B-2 notes 'A';
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Hercules to Announce Third Quarter 2006 Financial Results on October 26, 2006
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Hercules Technology Growth Capital, Inc. (NASDAQ:HTGC), a leading specialty finance company providing debt and equity growth capital to venture capital and private equity backed technology and life science companies, today announced it has scheduled its third quarter 2006 financial results conference call for Oct. 26, 2006 at 2 PM PST/5 PM EST. Hercules will release the companys third quarter 2006 financial results after the market closes that same day.
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Fitch Places Goodyear Tire on Rating Watch Negative
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Fitch Ratings has placed The Goodyear Tire & Rubber Company (GT) on Rating Watch Negative. Goodyear's debt and recovery ratings (RR) are as follows:
--Issuer Default Rating (IDR) 'B';
--$1.5 billion first lien credit facility 'BB/RR1';
--$1.2 billion second lien term loan 'BB/RR1';
--$300 million third lien term loan 'B/RR4';
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Bankruptcy: What It’s Like to File Now: MMI Provides Insight Into Pre-Bankruptcy Counseling
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Today marks the one-year anniversary of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (the Act). The Act made sweeping changes to the former bankruptcy law and is well known to the years bankruptcy filers who had to navigate its many new requirements. Approximately 263,000 consumers filed personal bankruptcy in the first two quarters of 2006.
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Obtaining Credit After Bankruptcy: Mission Impossible
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While bankruptcy will certainly damage your credit, you should know that all is not lost. You can still obtain credit after bankruptcy; however, it wouldnt be easy.
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Steps For Getting Approved After Bankruptcy!
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Trying to get finance after bankruptcy without preparing yourself it's just like knowingly jumping into a pool that has no water. By applying for a loan after bankruptcy your are risking getting declined and lowering your credit score even more.
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Mandatory Credit Counseling Before Bankruptcy - The Unanticipated Results
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Mandatory credit counseling is now required before you can file for bankruptcy. A just completed study indicates a number of unanticipated results of this new credit counseling requirement.
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How to Stop Creditors Cold
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If you're afraid to answer the phone because your creditors have been calling every night; and you're worried that one of them is going to call your boss and tell him you're a deadbeat; and just trying to pay off your bills leaves you almost nothing for food - it time you thought about bankruptcy.
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The Growing Wave of Bankruptcies
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Are you fond of using credit cards? If you are then I know you are aware that you have to be careful when using them. Im a big spender and I often use credit cards to buy any item that catches my fancy. The problem is that I was getting so carried away with my shopping that I did not realize that I accumulated close to $20,000 in debts.
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Fitch rates Milford, Connecticut's 2006 GOs 'AA', GO BANs 'F1+'
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Fitch rates Milford, CT's $7.1 million general obligation (GO) bonds, issue of 2006 'AA', $3.425 million GO bond anticipation notes (BANs) lot A 'F1+', $2.95 million BANs lot B 'F1+', and $13.675 million BANs lot C 'F1+'. The bonds and BANs are scheduled for competitive sale on October 24. The bonds mature serially Nov. 1 2007-2026, with semiannual interest payments on May 1 and Nov. 1, commencing on May 1, 2007.
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Fitch Affirms CNA's Ratings; Outlook Stable
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Fitch Ratings has affirmed the 'BBB' issuer default rating (IDR) and 'BBB-' senior debt ratings of CNA Financial Corporation (CNA) and the 'A-' insurer financial strength (IFS) ratings of CNA's insurance subsidiaries. A full rating list is shown below. The Rating Outlook is Stable.
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International Assets Expands Debt Capital Markets with Miami Office
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International Assets Holding Corporation (the Company) (NASDAQ:IAAC) announced today that it has expanded its debt capital markets business with the recruitment of Peter Wallin and the establishment of a Miami office.
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Fitch Revises Outlook to Stable on Debt Secured by Philadelphia, Pennsylvania's GO Pledge
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Consistent with Fitch's recent revision of the Rating Outlook on the City of Philadelphia, PA's (the city's) general obligation (GO) bonds to Stable from Negative, Fitch revises the Outlook on the following issuers' bonds to Stable from Negative. Fitch affirms the underlying 'BBB+' rating on all of the bonds. The revised Outlook, affects about $2 billion in outstanding debt, which is secured by the city's GO pledge. The city's GO bonds are rated 'BBB+.'
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Fitch Affirms Long Beach USD, California 'AA-' GO Bonds; Stable Outlook
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Fitch Ratings affirms the 'AA-' rating to $252 million Long Beach Unified School District (Long Angeles County, California) outstanding general obligation (GO) bonds. The Rating Outlook is revised to Stable from Negative.
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Fitch Affirms BCE and Bell Canada's IDR at 'BBB+'; Outlook Stable
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Fitch Ratings has affirmed the following long-term debt ratings of BCE Inc. (BCE) and Bell Canada.
BCE
--Issuer Default Rating (IDR) 'BBB+';
--Senior unsecured debt 'BBB+'.
Bell Canada
--IDR at 'BBB+';
--Senior unsecured debt 'BBB+';
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