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How Are Bonds Rated?
 
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When investing in bonds, it may be beneficial to consider bond ratings. Learn about the three main ratings agencies and how they evaluate bond issuers. Questions or Comments? Have a question or topic you’d like to learn more about? Let us know: Twitter: @ZionsDirectTV Facebook: www.facebook.com/zionsdirect Or leave a comment on one of our videos. Open an Account: Begin investing today by opening a brokerage account or IRA at www.zionsdirect.com Bid in our Auctions: Participate in our fixed-income security auctions with no commissions or mark-ups charged by Zions Direct at www.auctions.zionsdirect.com
Views: 18959 Zions TV
Bond Ratings | Corporate Finance | CPA Exam BEC | CMA Exam | Chp 7 p 3
 
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Firms frequently pay to have their debt rated. The two leading bond-rating firms are Moody’s and Standard & Poor’s (S&P). The debt ratings are an assessment of the creditworthiness of the corporate issuer. The definitions of creditworthiness used by Moody’s and S&P are based on how likely the firm is to default and the protection creditors have in the event of a default. It is important to recognize that bond ratings are concerned only with the possibility of default. Earlier, we discussed interest rate risk, which we defined as the risk of a change in the value of a bond resulting from a change in interest rates. Bond ratings do not address this issue. As a result, the price of a highly rated bond can still be quite volatile. The highest rating a firm’s debt can have is AAA or Aaa, and such debt is judged to be the best quality and to have the lowest degree of risk. For example, the 100-year BellSouth issue we discussed earlier was rated AAA. This rating is not awarded very often: As of 2014, only four nonfinancial U.S. companies had AAA ratings. AA or Aa ratings indicate very good quality debt and are much more common. A large part of corporate borrowing takes the form of low-grade, or “junk,” bonds. If these low-grade corporate bonds are rated at all, they are rated below investment grade by the major rating agencies. Investment-grade bonds are bonds rated at least BBB by S&P or Baa by Moody’s. Rating agencies don’t always agree. To illustrate, some bonds are known as “crossover” or “5B” bonds. The reason is that they are rated triple-B (or Baa) by one rating agency and double-B (or Ba) by another, a “split rating.” For example, in March 2014, real estate investment company Omega Healthcare Investors sold an issue of 10-year notes rated BBB– by S&P and Ba1 by Moody’s. A bond’s credit rating can change as the issuer’s financial strength improves or deteriorates. For example, in January 2014, Moody’s cut the bond rating on PlayStation 4 manufacturer Sony from Baa3 to Ba1, lowering the company’s bond rating from investment grade to junk bond status. Bonds that drop into junk territory like this are called fallen angels. Although sales of the new PS4 were a positive factor noted by Moody’s, the rating agency felt that the majority of Sony’s core business such as TVs, mobile phones, digital cameras, and personal computers faced difficult times ahead. Credit ratings are important because defaults really do occur, and when they do, investors can lose heavily. For example, in 2000, AmeriServe Food Distribution, Inc., which supplied restaurants such as Burger King with everything from burgers to giveaway toys, defaulted on $200 million in junk bonds. After the default, the bonds traded at just 18 cents on the dollar, leaving investors with a loss of more than $160 million. Even worse in AmeriServe’s case, the bonds had been issued only four months earlier, thereby making AmeriServe an NCAA champion. Although that might be a good thing for a college basketball team such as the University of Kentucky Wildcats, in the bond market it means “No Coupon At All,” and it’s not a good thing for investors.
Bonds - Understanding Rating Agencies
 
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Many people blame the 2008 financial crash on bad bond ratings. Could it happen again? Should you be concerned? Watch this video to learn what ratings agencies look for when determining bond risk. SUBSCRIBE to learn everything you need to know about trading: https://ota.buzz/2JRtxbd SIGN UP for a FREE Half-day class! http://ota.buzz/youtube Want to learn more useful trading and investing tips? Check out these playlists: - Best of: Investing Strategies: https://ota.buzz/2HbqN7U - Best of: Expert Trader Sam Seiden: https://ota.buzz/2Ej8mLp LET'S CONNECT! — https://www.facebook.com/OnlineTradingAcademy/ — https://twitter.com/TradingAcademy — https://www.linkedin.com/company/online-trading-academy/
Are U.S. Government Bonds AAA or Junk?…And Who’s Lying?
 
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The U.S. government is in debt $21 Trillion, an amount that can never be paid. Yet Moody’s and Fitch reaffirmed their top AAA rating on U.S. debt. Why do they do this? Do they have to? Why can’t politicians, the media, CEO’s, or anyone else, ever tell Americans the truth?
Views: 10887 RonPaulLibertyReport
What is Credit Rating of a Bond? - Term Buster - Franklin Templeton India
 
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What is credit rating of a bond? What is the importance of a AAA rating? What does it mean to have a good credit rating for your bonds? Find answers to these question here. Valuation of bonds are based on many parameters, bond rating being one amongst them. It shows the likelihood of getting the interest and principle on the bond in time. Lower rating would mean risky instrument, AAA rating being the highest grade for a bond. Knowing what is credit rating will help you make better investment decisions in addition to helping you in valuation of bonds. Watch our “Term Busters” series and de-complicate investments. Visit Investor Education Section of our website - https://www.franklintempletonindia.com/investor/investor-education/new-to-investing Watch more, and we’ll help you learn about different types of funds offered by Franklin Templeton. https://www.youtube.com/playlist?list=PLpDLpRd877mTfptx_2dTYyY8g6nfa-Qk6 You can also write to us with your feedback ([email protected]) View more such videos in the playlist Franklin Templeton Academy: https://www.youtube.com/playlist?list=PLpDLpRd877mSF4p7DIh5OMhS6zktFJ4IP Invest in Mutual Funds with Franklin Templeton. Official Website: https://www.franklintempletonindia.com/ Facebook: https://www.facebook.com/FranklinTempletonIndia/ LinkedIn: https://www.linkedin.com/company/franklin-templeton-investments Instagram: https://www.instagram.com/ftiindia/?hl=en Twitter: https://twitter.com/ftiindia?lang=en
Views: 371 TempletonIndia
14. What is the S&P Rating
 
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Download Preston's 1 page checklist for finding great stock picks: http://buffettsbooks.com/checklist Preston Pysh is the #1 selling Amazon author of two books on Warren Buffett. The books can be found at the following location: http://www.amazon.com/gp/product/0982967624/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0982967624&linkCode=as2&tag=pypull-20&linkId=EOHYVY7DPUCW3WD4 http://www.amazon.com/gp/product/1939370159/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=1939370159&linkCode=as2&tag=pypull-20&linkId=XRE5CA2QJ3I2OWSW In this lesson, we learned about the three different credit organizations that rate a company's debt. Those three organizations are Standard and Poors, Fitch, and Moody's. Although each of these organization do the same thing, we learned that the scoring techniques and accuracy is different. It's very important to understand the risks associated with each credit rating, and that's why we compared the chance of default to the letter score. Understanding the chance of default provides an investor actual data to determine their appetite for risk. When assessing the risk between a corporate bond and a municipal bond, we know that the letter rating system is flawed because the historical percentages are drastically different. This is something every investor should think about before investing in a AAA municipal bond. In the end, we learned that each investor needs to determine their own risk and make judgments for themselves. Remember the greatest risk is not knowing what you're doing. So do your research and think about what credit scores actually mean.
Views: 130912 Preston Pysh
What are Bond Ratings?
 
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In this video I explain bond ratings. This topic has a lot to do with default risk; the video prior was more about interest rate risk. A good way to think of bond ratings is that it is basically a bond issuer's equivalent of a "credit score." Visit my website at www.payczech.com/ to learn more!
Views: 2088 Devin Czech
AAA Bond Rating
 
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Views: 235 VillageDownersGrove
FD से 2% जायदा ब्याज, L&T Finance AAA Rated NCD - Earn upto 9.35% p.a 🔶 Taxation
 
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L&T Finance Limited (Tranche I) Issue Size: 500Cr.+1000Cr.= 1500Cr. Instrument: Secured Redeemable Non-Convertible Debenture* Credit Rating: ‘[ICRA] AAA (stable) , CARE AAA / Stable Tenor & Interest: Secured Retail category 37 Months : 9.10 Annual 60 Months 9.25 Annual 8.89 Monthly *120 Months * 9.35 Annual 8.98 Monthly Listing: Proposed to be listed on BSE & NSE Issuance Mode: Demat Face Value: ₹ 1000 Mode Of Application: ASBA Only Issue Opening Date: 06th Mar 2019 Issue Closing Date: 20th Mar 2019 Allocation Ratio QIB:20% Corporate: 20% HNI: 30% Retail: 30% First Come First Serve Basis ASBA Only #NCD #highinterestNCD #FDvsNCD
Views: 1421 Wealth Maker Buddy
Triple-A Bond Rating
 
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Elena Russo speaks with Evan K. Slaughenhoupt, Jr., Calvert County Commissioner, about the Triple-A Bond Rating.
Views: 51 Comcast Creative
Stocks, Bonds & Investments : How Are Ratings of Bonds Determined?
 
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A bond rating is determined by examining the profits, management and products of a company. Companies with good credit will have highly rated bonds. Get lower rates of return on highly rated bonds with insight from an investments manager in this free video on investing. Expert: Gregory Bramwell-Smith Bio: Gregory Bramwell-Smith is the relationship and portfolio manager at Bramwell-Smith Associates. Filmmaker: David Pakman
Views: 407 ehowfinance
Omaha's Triple A Bond Rating
 
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Mayor Jim Suttle explains the importance of reinstating Omaha's Triple A Bond Rating.
Views: 126 MayorSuttle
AAA Bond Rating News Conference
 
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Standard & Poors grants the Parish of Caddo Louisiana a AAA bond rating, the first government entity in Louisiana to ever hold such a rating.
Is the AAA Rating of U.S. Bonds at Risk?
 
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All Things Money #19 Part 2: David Blain of D. L. Blain & Co., discusses the rating risk of U.S. bonds and the rest of the global bond market. He also begins a discussion of recent changes to the tax code.
AAA Bond Rating
 
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McKinney was recently given a AAA bond rating by S&P due to the City's sound financial management.
Views: 84 City of McKinney
Meaning of AAA Bond Rating
 
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Union County gets AAA because of docile electorate
Views: 117 UnionCountyWatchdog
EU credit rating agency can stick AAA ratings to Eurozone junk bonds - Godfrey Bloom MEP
 
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http://ukipmeps.org | http://ukip.org ► European Parliament, Strasbourg - 15.06.2010 ► Speaker: Godfrey Bloom MEP, UKIP (Yorkshire & North Lincolnshire), EFD group. ► Debate: Oral questions - GUE/NGL, S&D, PPE, ALDE : Commission - Credit rating agencies - O-0051/2010, O-0072/2010, O-0077/2010, O-0078/2010 .................................. ► Video: EbS (European Parliament) .................................. ► EU Member States: Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Sweden, United Kingdom
Views: 1800 UKIP MEPs
AAA Bond Rating
 
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Views: 264 Brent Neeley
Warning and Opportunity: U.S. Government Bonds Lose AAA Credit Rating!
 
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U.S. government debt has lost its AA credit rating! Like Greece, Iceland, and Dubai, the runaway spending from our Washington, D.C., politicians has caught up with us.
Views: 139 Money And Markets
What is CORPORATE BOND? What does CORPORATE BOND mean? CORPORATE BOND meaning & explanation
 
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What is CORPORATE BOND? What does CORPORATE BOND mean? CORPORATE BOND meaning - CORPORATE BOND definition - CORPORATE BOND explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. A corporate bond is a bond issued by a corporation in order to raise financing for a variety of reasons such as to ongoing operations, M&A, or to expand business. The term is usually applied to longer-term debt instruments, with maturity of at least one year. Corporate debt instruments with maturity shorter than one year are referred to as commercial paper. The term "corporate bond" is not strictly defined. Sometimes, the term is used to include all bonds except those issued by governments in their own currencies. In this case governments issuing in other currencies (such as the country of Mexico issuing in US dollars) will be included. The term sometimes also encompasses bonds issued by supranational organizations (such as European Bank for Reconstruction and Development). Strictly speaking, however, it only applies to those issued by corporations. The bonds of local authorities (municipal bonds) are not included. Corporate bonds trade in decentralized, dealer-based, over-the-counter markets. In over-the-counter trading dealers act as intermediaries between buyers and sellers. Corporate bonds are sometimes listed on exchanges (these are called "listed" bonds) and ECNs. However, vast majority of trading volume happens over-the-counter. By far the largest market for corporate bonds is in corporate bonds denominated in US Dollars. US Dollar corporate bond market is the oldest, largest, and most developed. As the term corporate bond is not well defined, the size of the market varies according to who is doing the counting, but it is in the $5 to $6 trillion range. The second largest market is in Euro denominated corporate bonds. Other markets tend to be small by comparison and are usually not well developed, with low trading volumes. Many corporations from other countries issue in either US Dollars or Euros. Foreign corporates issuing bonds in the US Dollar market are called Yankees and their bonds are Yankee bonds. Corporate bonds are divided into two main categories High Grade (also called Investment Grade) and High Yield (also called Non-Investment Grade, Speculative Grade, or Junk Bonds) according to their credit rating. Bonds rated AAA, AA, A, and BBB are High Grade, while bonds rated BB and below are High Yield. This is a significant distinction as High Grade and High Yield bonds are traded by different trading desks and held by different investors. For example, many pension funds and insurance companies are prohibited from holding more than a token amount of High Yield bonds (by internal rules or government regulation). The distinction between High Grade and High Yield is also common to most corporate bond markets. The coupon (i.e. interest payment) is usually taxable for the investor. It is tax deductible for the corporation paying it. For US Dollar corporates, the coupon is almost always semi annual, while Euro denominated corporates pay coupon quarterly. The coupon can be zero. In this case the bond, a zero-coupon bond, is sold at a discount (i.e. a $100 face value bond sold initially for $80). The investor benefits by paying $80, but collecting $100 at maturity. The $20 gain (ignoring time value of money) is in lieu of the regular coupon. However, this is rare for corporate bonds. Some corporate bonds have an embedded call option that allows the issuer to redeem the debt before its maturity date. These are called callable bonds. A less common feature is an embedded put option that allows investors to put the bond back to the issuer before its maturity date. These are called putable bonds. Both of these features are common to the High Yield market. High Grade bonds rarely have embedded options. A straight bond that is neither callable nor putable is called a bullet bond.
Views: 2174 The Audiopedia
State Water Board's AAA Bond Rating
 
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Christopher Stevens, a supervisining engineer with the California State Water Board, explains the importance of earning a AAA bond rating.
Manager's Update: AAA Bond Rating
 
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Gilbert, Arizona is pleased to announce that Fitch Ratings has upgraded our 2016 Gilbert Water Resource Municipal Property Corporation, Arizona bonds from AA+ to AAA. Fitch says the upgrade “reflects the systems rapidly declining debt burden” and that the town’s ability to continue to “manage the area’s rapid growth will be the key to maintaining the high AAA rating.
Views: 63 Gilbert Digital
Montgomery County Keeps its AAA Bond Rating
 
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Montgomery County once again is awarded a Triple A bond rating from Bond rating agencies, Fitch, Moody’s and Standard & Poor’s.
Views: 8 TheMocoVox
Fitch Ratings methodology for rating covered bonds
 
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Helene Heberlein, Managing Director, Covered Bonds, explains Fitch Ratings’ methodology for rating covered bonds.
AAA Bond Rating
 
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Last week's AAA Bond Rating will ensure more funds for creating #PathwaysToTheMiddleClass across all eight wards. I'm very #DCproud of our accomplishment 👏
Views: 18 DC Mayor's Office
Coral Gables Earns AAA Bond Rating
 
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The City of Coral Gables recently earned a AAA Bond Rating from the "Big Three" ratings agencies in the U.S. A distinction only held by Coral Gables and two other cities in the state of Florida!
Why Did S&P Issue Warning on US Bond Rating?
 
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Kevin Hall and Mark Weisbrot discuss reasons for Standard and Poor's warning US could lose AAA rating
Views: 2368 The Real News Network
How Bond Ratings Work
 
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Trade bonds free for 60 days using TD Ameritrade: http://bit.ly/td-ameritrade Join us in the discussion on InformedTrades: http://www.informedtrades.com/2005065-intro-bond-ratings-how-use-them.html KEY POINTS 1. Bond ratings are a way to assess the default risk of a bond. Default risk is the risk that the bond issuer will not be able to pay back the full coupon and principal obligations of the bond they issued. 2. There are three agencies that collectively account for 90% of the market for credit ratings: Standard & Poor's, Moody's, and Fitch Ratings. Of the three, S&P and Moody's account for 40% each; Fitch is a minority player whose primarily role is to serve as the tie-breaker of sorts when S&P and Moody's issue conflicting ratings. 3. A bond is considered investment grade or IG if its credit rating is BBB- or higher by Standard & Poor's or Baa3 or higher by Moody's. Generally they are bonds that are judged by the rating agency as likely enough to meet payment obligations that banks are allowed to invest in them. A bond's yield is typically inversely related to its rating; in other words, bonds with lower ratings have higher yields. 4. Bond rating agencies have come under considerable criticism in the years since the financial crisis of 2008. Agencies collectively failed to identify credit securities that were at high default risk, and have been sued for their actions. That agencies derive their revenue from governments and corporations that pay them for ratings has also led many to question their integrity and objectivity. 5. In spite of the increase in skepticism regarding the objectivity and competence of the credit ratings agencies, changes in bond ratings can and do impact bond prices, often considerably. As such, investors may wish to factor in ratings into their analysis and portfolio decisions using bond screeners.
Views: 2775 InformedTrades
7/13/2011 Moody's has put US AAA bond rating on watch for potential downgrade
 
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CNBC Mandy Drury reports on Moody's announcing it has placed the US government AAA bond rating on watch for a downgrade siting the potential to not raise the debt ceiling by August 2, 2011. The potential for an actual default is sited as low by Moody's. Article: http://www.cnbc.com/id/43746061 FAIR USE NOTICE: This video may contain copyrighted material. Such material is made available for educational purposes only. This constitutes a 'fair use' of any such copyrighted material as provided for in Title 17 U.S.C. section 107 of the US Copyright Law.
Views: 1929 Jason Chan
FCTV Exclusive: AAA Bond Rating
 
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The Town of Falmouth has achieved a AAA bond rating from Standard & Poor’s, a financial services company that researches and analyzes stocks, bonds and commodities. The AAA rating is the highest assigned by Standard & Poor’s, and demonstrates that the town’s capacity to meet its financial commitments is extremely strong.
North Carolina Secures AAA Bond Rating
 
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North Carolina secures AAA bond ratings in 2018.
Views: 35 NC DST
क्रेडिट रेटिंग क्या होती है? What is Credit Rating?
 
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क्रेडिट रेटिंग क्या होती है? What is Credit Rating?
Views: 25316 FinancialBakwas
Montgomery County Retains Triple-A Bond Rating
 
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Montgomery County has maintained its Triple-A bond rating for 2015 from three Wall Street bond rating agencies. That’s the word from Montgomery County Executive Ike Leggett. Fitch, Moody’s, and Standard & Poor’s all affirmed the “AAA” rating – the highest achievable — for the County. They all termed the outlook for Montgomery County as “stable.” The Triple-A bond rating enables Montgomery County to sell long-term bonds at the most favorable rates, saving County taxpayers millions of dollars over the life of the bonds. The rating also serves as a benchmark for numerous other financial transactions, ensuring the lowest possible costs in those areas as well.
Views: 5 myMCMedia
Congressman Rogers' Questioning Sec. Geithner on the USA's AAA Bond Rating
 
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In today's Appropriations hearing Congressman Rogers expressed his concern for the government's record spending and deficits and how that will impact the country's AAA bond rating.
Views: 639 RepHalRogers
Stafford Triple A Bond Rating
 
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Stafford reacts to news that Standard and Poors has given the County a Triple A bond rating. The rating will allow the county to borrow money at lower interest rates.
Views: 77 Ted Schubel
Stafford achieves AAA bond rating
 
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County officials announced that Standard & Poor's upgraded Stafford's bond rating to the highest AAA bond rating.
Money Management : How to Explain the Moody Bond Rating
 
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Bonds are rated by federal rating agencies in relation to how sound their underlying assets are, and Moody bond ratings are from a specific agency that gives ratings to various municipalities that putting up bond issues. Discover how A-rated bonds have lower risks with help from a registered financial consultant in this free video on Moody bond ratings. Expert: Patrick Munro Contact: www.northstarnavigator.com Bio: Patrick Munro is a registered financial consultant (RFC) with outstanding sales volume of progressive financial products and solutions to the senior and boomer marketplace. Filmmaker: Reel Media LLC
Views: 933 ehowfinance
Standards & Poor's Upgrades Stafford to Highest AAA Bond Rating
 
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July 14 2015 Standard and Poor's announced that Stafford has earned the highest rating possible - AAA. Hear the big news - Stafford is one of 23 localities in the Commonwealth to earn the highest rating.
Multi-bond joint rating transitions
 
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In this video we consider the joint distribution of rating transitions of two bonds (across ratings “AAA”, “AA”, “A”, “BBB”, “BB”, “B”, “CCC”, and “D” for "default") over the next twenty years. The two bonds start with rating "B" (Bond 1) and "BBB" (Bond 2). In the top plot we show the joint probability of transitioning to different ratings. The red bar is the probability of staying in the current rating: "B" and "BBB". For short horizons, the red bar is the tallest, because the two bonds rating will likely stay the same in the short run. As the horizon shifts forward in the future, the red bar shortens, because the two bonds will likely abandon the current rating "B","BBB" and transition to other ratings. In particular, in the very long run, all bonds transition toward "D", default, and stay there for ever. Indeed, default is an "absorbing state": once there, always there. Hence, no matter how small the probability of defaulting in the short run, in the long run default will be the dominating state.
Illinois' Bond Rating in perspective
 
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Illinois has a lower debt rating than 48 other states. Sad... This is a quick commercial I came up with
Views: 102 OneManBlog
San Antonio loses AAA bond rating mayor said saved 'taxpayers millions'
 
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The mayor said it would happen and now it has. The city's bond rating has been downgraded.
Montgomery County Maintains Triple-A Bond Rating
 
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Three Wall Street bond-rating agencies all affirmed the "AAA" rating -- the highest achievable — for the county. They all termed the outlook for Montgomery County as "stable." Montgomery County Executive Ike Leggett announced on Oct. 28 that Montgomery County has maintained its Triple-A bond rating from three Wall Street bond rating agencies, just one week after Leggett, Council President Nancy Navarro, Council Vice President Craig Rice and other county officials met with the agencies to brief Wall Street on the county's fiscal situation and future plans. Fitch, Moody's, and Standard & Poor's all affirmed the "AAA" rating -- the highest achievable — for the county. They all termed the outlook for Montgomery County as "stable." "The County has adopted a multi-year fiscal plan that balances current resources against spending and continues to address other critical operating priorities relating to fund balance replenishment, pay-as-you-go capital, and other post-employment benefits (OPEB)," said Fitch. "The stable outlook reflects our expectation that the County's sizable and diverse tax base will continue to remain strong going forward," said Moody's. "The stable outlook reflects the county's improved financial position that is supported by structurally balanced budget and increased reserves." "We view Montgomery County's management conditions as strong, with strong financial policies and practices in place," said Standard & Poor's. The Triple-A bond rating enables Montgomery County to sell long-term bonds at the most favorable rates, saving County taxpayers millions of dollars over the life of the bonds. The rating also serves as a benchmark for numerous other financial transactions, ensuring the lowest possible costs in those areas as well. "Our ability to maintain our coveted Triple-A rating affirms my approach to putting the County's fiscal house in order and reducing unsustainable increases in County spending I inherited, while investing in making government more effective and creating opportunities for the growth of good jobs in the future," said Leggett. "We have boosted our financial reserves to the highest level in County history, closed $2.7 billion in budget gaps, made tough choices on spending, and saved millions for taxpayers with changes in County health and retirement benefits," he said. "Montgomery County has weathered the downturn and the investments we made during the toughest of times are enabling us to create more jobs and opportunity." "This decision by the rating agencies is a reflection of the hard work of this Council and the County Executive," said Council President Navarro. "During the most challenging economic times, we developed a proactive strategy to put our fiscal house in order for the future. "The land-use decisions the Council has made over the past few years—to invest in smart-growth opportunities and encourage redevelopment in all corners of the County—will create a strong tax base for years to come," Navarro said. "Since I joined the Council, we have closed a cumulative $2.7 billion budget gap, slowed the rate of growth in expenditures and put our County on a sustainable fiscal path," she continued. "As our economic recovery continues, this decision today by the rating agencies demonstrates that Montgomery County is moving in the right direction." The AAA bond rating allows Montgomery County to issue bonds for its capital borrowing at the most favorable rates, saving County taxpayers millions of dollars over the life of the bonds. The County's pending issuance will refinance $295 million of bond anticipation notes and $27.7 million of long-term debt. Montgomery County is only one of 38 counties (out of 3,140) in the nation to receive a AAA rating from all three rating agencies. Council President Navarro has chaired the Council's Government Operations and Fiscal Policy Committee (GO) since 2010.
Views: 22 myMCMedia
Hasenstab Says U.S. `Unlikely' to Lose AAA Bond Rating
 
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Jan. 13 (Bloomberg) -- Michael Hasenstab, who runs the Templeton Global Bond Fund for Franklin Templeton Investments, talks about the U.S. bond market and fiscal policy. He speaks with Carol Massar and Matt Miller on Bloomberg Television's "Street Smart." (Source: Bloomberg)
Views: 141 Bloomberg
World Bank Bonds for Sustainable Development (Italian subtitles)
 
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All World Bank Bonds are social bonds that support sustainable development. IBRD's Aaa/AAA rating is based on a solid financial structure, conservative financial policies and consistent performance, as well as support and capital backing from its shareholders. In the video, see a project example from the Philippines, listen to interviews with World Bank's Joaquim Levy, Arunma Oteh, George Richardson and Heike Reichelt.
Views: 459 World Bank Treasury
AAA Bond Rating for PBC Discussed at Alliance Meeting
 
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Alliance Meeting April 6, 2011. PBC Administrator Bob Weisman discusses the financial effect of PBC's AAA bond rating. Video by Alliance First VP Lori Vinikoor.
Views: 38 SuperGuitargoddess
Stafford County AAA bond rating
 
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Stafford County Board of Supervisors Chairman Gary Snellings announces Standard and Poor's move to award the county a AAA bond rating.
Views: 23 Potomac Local
U.S. loses coveted AAA rating
 
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U.S. loses coveted AAA rating