Word: debt
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Cordaro isn't the only one having doubts. Last week, ratings agency Moody's lowered its outlook for the debt of local governments to 'Negative.' In its report, the ratings agency said local governments face "unprecedented fiscal challenges," over the next 18 months. The report also noted that this was the first time Moody's analysts were broadly worried about the ability of local governments to pay back their debts. Among the places Moody's finds to be most troubled are cities in Florida and California, because of the real estate bust, Indiana, Michigan and Ohio, which are being hurt...
...debt of municipalities has long been a staple of many investors' portfolios. Financial professionals and their clients have been lured by munis' tax-free status, a history of few defaults and nearly three decades of low single-digit annual returns...
...random, infrequent, and independent from other disasters. This is not the case for mortgage-backed securities. In the housing market, prices are dependent on the surrounding area. A firm can attempt to mitigate this problem by slicing up mortgages and repackaging them in complex financial instruments like collaterized debt obligations, but the risk persists. If enough houses drop in value, others will follow, and this domino effect is the current housing crisis...
...apartment, waiting for the bullfighters to appear. They were not coming to show off some cape work in her living room. In fact, they were not real bullfighters at all. Rather, the three men, dressed like matadors in garish tight pants and embroidered jackets, were coming to collect a debt...
...Thanks to the country's lax debt laws, the judicial route for lenders to recover what's owed them is slow and tortuous, so many lenders are turning to a more direct approach to get their money back - tapping into the Spaniards' fear of public humiliation. As a result, companies offering costumed collectors who recoup debts simply by showing up at a home or office and embarrassing the debtor in question have proliferated in Spain. But their days may be numbered, now that a committee of the Spanish parliament has approved a proposal to regulate the industry, a first step...