Home » Posts tagged with » Standard and Poor’s

S&P downgrades airport bonds

In another blow to the city’s beleaguered airport, Standard & Poor’s rating service downgraded the municipal facility’s outstanding bonds from A- with a stable outlook to BBB+ with a stable outlook. According to a press release from interim Aviation Director Dan Gallagher, S & P cited “ a downward enplanement trend at COS, particularly after… Continue Reading S&P downgrades airport bonds

Colorado joins multi-state lawsuit against S&P

Comments Off

Colorado has joined the federal government and other states in suing Standard and Poor’s in connection to the ratings that the agency issued on structured financial securities, including residential mortgage-backed securities that were issued from 2004 to 2007. The lawsuit is part of a joint federal-state effort to hold those responsible for their part in… Continue Reading Colorado joins multi-state lawsuit against S&P

Continue reading …