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Ratings

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Top Ratings Articles

Displaying items 89-99
  • DWP leaders defend withholding millions of dollars during rate debate; board president denies pressure from mayor

     
    Leaders of the Los Angeles Department of Water and Power on Tuesday issued a sharply worded defense of their decision to withhold $73.5 million from city coffers in the middle of a recent fight over electricity rates, saying during a......
  • Debt rating cuts for Greece and Portugal sink global markets; Greek bonds now are branded junk

     
    Two European sovereign-debt crises have turned out to be one too many for global financial markets. Stocks plunged in Europe and are sharply lower on Wall Street on Tuesday after Standard & Poor’s slashed Greece’s credit rating to junk status......
  • Goldman Sachs: Democrats push financial regulation bill

     
    Democrats lost no time Tuesday raising the political issue of financial regulation as a Senate panel probed Goldman Sachs and its role in the financial meltdown. Panel chairman Sen. Carl Levin criticized Wall Street firms for lobbying against the...
  • Roubini sees 'significantly rising' risk that European monetary union will rip apart

     
    Economist Nouriel Roubini, the famed Dr. Doom of the global financial crisis, doesn’t need much of a push to wax pessimistic. So the news Tuesday that Greece’s credit rating had been cut to junk status was like pitching him a......
  • Budget mess makes California vulnerable to crippling credit downgrade, official warns

    State Treasurer Bill Lockyer warned today that state leaders' failure to reach a budget deal has put California at risk of a credit downgrade that would cut off access to funds needed for building schools, roads and other public works projects. "With...
  • Speaker boycotts California budget session

    Speaker boycotts California budget session
    Prospects for a resolution of the state's financial crisis darkened further Monday, with a top lawmaker saying negotiations were "getting worse," as the state's credit rating dropped to its lowest level in years. Assembly Speaker Karen Bass (D-Los...
  • Why the bond rating system works

    In its March 11 editorial, "Rethinking state bond ratings," The Times editorial board suggested that because state and local governments default on their obligations less often than corporations do, all bonds issued by governmental entities should...
  • Letters to the editor

    Anything goes? No Re “Keeping L.A.’s signs vital,” Critic’s Notebook, March 26 Is there anything that makes Los Angeles look more like Podunk than the proliferation of gigantic Lady Liberties? Is it true that Times...
  • Alameda Corridor debt rating cut by Moody's

     
    Credit rating firm Moody’s Investors Service on Wednesday sounded a warning about the debt of the Alameda Corridor Transportation Authority, the 20-mile rail route built to speed the flow of cargo from the ports of L.A. and Long Beach to......
  • If Greece gets a debt guarantee, give California some credit

     
    Once again, California looks like a trendsetter. The speculation in Europe on Tuesday was that the European Union, led by Germany, soon will offer to guarantee Greece’s government debt to allay investors’ concerns that the cash-strapped country...
  • Wall Street firm lowers L.A.'s financial outlook from 'stable' to 'negative'

     
    One of the nation’s top financial credit services Wednesday issued a negative outlook for Los Angeles, which is struggling with a $212-million budget gap. The move could lead to a lower credit rating for the city and ultimately increase Los......