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Ratings

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  • Legg restructures debt amid signs of turnaround

    Legg restructures debt amid signs of turnaround
    Legg Mason plans to close a deal this month to restructure $650 million in debt, a move designed to lock in favorable interest rates for the long term while taking advantage of the market's sustained appetite for corporate bonds.
  • Moody's says court ruling is negative for Illinois pension reform

    Moody's says court ruling is negative for Illinois pension reform
    The Illinois Supreme Court's ruling extending constitutional protection to public sector retiree health care is a negative credit factor for Illinois, Chicago and local governments seeking to alter pension benefits, Moody's Investors Service said on...

    Moody's boosts California's credit rating, cites financial progress

    Moody's boosts California's credit rating, cites financial progress
    California's finances received a bump from Moody's on Wednesday, returning the state's credit rating to its highest level since 2001. The Wall Street rating agency praised California’s more stable budget process and a new effort to stockpile...

    Should college grad get car loan to build credit history?

    Should college grad get car loan to build credit history?
    Dear Liz: Our son is graduating from college and needs a car for his new job. Is this an opportunity to help him establish a good credit rating? His credit union offers loans to first-time auto buyers who don't have a credit history, but the interest rate...

    Obama to issue order easing student loan debt pressures

    Obama to issue order easing student loan debt pressures
    President Barack Obama will issue an executive action on Monday aimed at making it easier for young people to avoid trouble repaying student loans, a White House official said on Sunday. The president will sign an order directing the secretary of...