Word: dunning
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What ever became of the chaos in Laos? Last year at this time the pro-Communist Pathet Lao were strutting lumpily across the Plain of Jars in their dun-colored uniforms, proudly triumphant over the "neutralist" forces of General Kong Le and threatening to overrun the entire country. To be sure, the Pathet Lao are still there-and stronger than ever. According to U.S. officials, the Laotian Reds have been bolstered by 10,000 North Vietnamese troops. But with the monsoon already hampering military operations, they have failed for the first time since 1960 to mount a spring offensive...
...through smoothly, the moneymen were encouraged by Britain's new austerity budget, the $22.4 million gain in gold and hard-currency reserves in April and the Labor government's announcement last week of tougher credit restrictions. After a two-day meeting of Working Party III, the Dun & Bradstreet of such matters, the loan was unanimously approved. Another group of moneymen called the Paris Club then sat down to decide what mix of gold and currencies will make up the loan. The loan will be made through the International Monetary Fund, the daddy and inspiration of all the clubs...
...issues traded daily over-the-counter represent companies that are not sufficiently large, seasoned or profitable to be listed on the major exchanges. But the OTC index of 35 stocks includes such mighty companies as Anheuser-Busch, Ethyl Corp., Rockwell Manufacturing, Grolier, Eli Lilly and Dun & Bradstreet. They are a remarkably reliable mirror of the entire OTC market: the most recent study showed that the average price of 538 nationally listed OTC stocks gained at a pace that was virtually identical to the OTC index's gain...
...terse alphabetical shorthand. At Moody's, which pioneered the rating system back in 1909, the four top grades are Aaa, Aa, A and Baa, ranging from prime quality to faintly speculative. Standard & Poor's goes in for the upper case: AAA, AA, A and BBB. Dun & Bradstreet, which also owns Moody's but makes its own independent assessments, spells out its scale: prime, better good, good, medium good...
...revenue. Standard & Poor's stuck by its AAA rating, and so did the bond market, which snapped up the New York bonds without hesitation. Deep in debt from urban renewal, Baltimore last month took a one-grade demotion from Moody's, from Aa to A. Dun & Bradstreet, on the other hand, recently decided that Camden. N.J., deserved a promotion to "good...