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Debt Research News - September, 2006















HOME :: RESEARCH :: DEBT :: NEWS :: ARCHIVE

Credit Research News - September, 2006



A ticking time bomb in audit

State legislative audits often make for dull reading, but the one that came out Monday revealed a ticking bomb.



NHS debt advice bill criticised

An NHS trust's £390,000 payment to a financial consultancy, hired for six months to tackle a £12m debt, has led to anger among patients and staff



Bonds: Investors give U.S. debt a wide berth

Treasury notes fell Thursday for a third consecutive day as a government report showed that U.S. economic growth slowed in the second quarter. The report failed to lure buyers of Treasury notes



GB Group launches rapid online debt tracing tool

Data specialist GB Group plc has launched a new Internet-based debt tracing tool which is packed with new, ground breaking technology and gives access to rich population data sources, helping companies recover consumer debts more efficiently



Hartford Financial Reveals Pricing Of Debt Offering For Aggregate Gross Proceeds Of $1 Bln. - Update

The Hartford Financial Services Group, Inc. announced that it has priced an offering of $400 million of its 5.25% senior notes due October 15, 2011, $300 million of its 5.50% senior notes due October 15, 2016 and $300 million of its 5.95% senior notes due October 15, 2036, for aggregate gross proceeds of $1 billion



Family First Debt Relief announces its revolutionary and patent pending program for consumers...

Family First Debt Relief announces its revolutionary and patent pending program for consumers struggling with credit card debt



S&P Puts Belo Corp.'s Debt Ratings On CreditWatch

Standard & Poor's Ratings Services (S&P) said Wednesday it placed Belo Corp.'s corporate credit and senior unsecured debt on CreditWatch with negative implications



Telecom Italia repeats vow to cuts its debt

Telecom Italia's chairman, Guido Rossi, repeated to a parliamentary committee in Rome on Wednesday that the company would cut its debt to €38 billion, or $48 billion, by the end of this year from €41.3 billion in June



Washington County Commission OKs 13 cent property tax hike

Washington County commissioners voted to amend a recommendation by the County Commission's Budget Committee at their Monday meeting, setting the county tax rate at $2 per $100 of taxable property for the fiscal year 2006-07



S&P lowers Reynolds & Reynolds ratings

Standard & Poor's Ratings Services on Tuesday lowered its ratings on the debt of Reynolds & Reynolds Co., a supplier of software and services to auto dealers in the midst of a takeover



At debt's door

It's a booming business but even some "respectable" bailiffs are conning people, lying and ripping them off. BBC reporter Jim Wheble went undercover for nine months to expose how some debt collectors cheat the public



Distressed Debt Hits 8-Year Low

Outside of the automotive and telecommunications industries, few companies have bonds with interest rates more than 1,000 basis points above the Treasury benchmark, says S&P



S&P Cuts Tribune to Junk Status

Standard & Poor's Ratings Services lowered troubled newspaper publisher Tribune Co. to junk status Friday, and put its ratings on CreditWatch negative, after Tribune announced it will conduct a strategic review in an effort to boost value for shareholders



S&P Rates Anadarko New Debt 'BBB-'

Standard & Poor's Ratings Services said Thursday it assigned a "BBB-" rating to about $5.5 billion of new senior debt held by oil and gas exploration and production company Anadarko Petroleum Corp



S&P rates NE Energy Inc $685 mln debt

Standard & Poor's Ratings Services today assigned the following preliminary ratings to NE Energy Inc.'s (NE Energy) proposed debt issues, which will finance the acquisition of the generation assets of Northeast Utilities (BBB/Stable/--), provide for LOCs, and be available for general corporate purposes



Credit card advice will help students cut debt

PICK a card - and that's not the opening line of a trick if you are a student looking for credit.



Moody's, S&P send Ford debt deeper into junk

Credit rating agencies Standard & Poor's and Moody's Investment Services downgraded Ford Motor Co. Tuesday, pushing about $150 billion worth of the car maker's long-term debt deeper into non-investment grade status.



State to trim city's debt by $13.1 million

Deal resolves dispute over calculation error that cost Indianapolis excise tax revenue for decades



S&P Places Dynegy on CreditWatch

Standard & Poor's Ratings Services on Monday said it placed its "B" corporate credit ratings on electricity producer Dynegy Inc. and Dynegy Holdings Inc. on CreditWatch with developing implications



Piaggio long-term debt rating raised to BB- from B+ with positive outlook - S&P

Standard & Poor's Ratings Services said it has raised its long-term corporate credit rating on Piaggio & C SpA to 'BB-' from 'B+', adding that the outlook remains positive.



FTI Consulting to Offer $215M in Debt

FTI Consulting Inc., a provider of forensic accounting and litigation support services, on Monday said it plans to sell $215 million worth of debt to institutional investors



What Is A Debt Free Consolidation?

Debt free consolidation does not add a new loan to your existing debt



Online Debt Consolidation: The Fast And Most Convenient Way...

Most people are unaware that online debt consolidation is possible, as many seek counseling from firms that are far away from home and offer non-competitive rates, when they could easily be getting a better deal from an online firm from the comfort of their own homes



FSI Tax Corp Informs Taxpayers of Safety Procedures and Guidelines Concerning the IRS Initiative

Procedures and guidelines concerning the IRS initiative to outsource tax debt collections to third-party private debt collectors.



Cities buying more on credit

Debt loads rose sharply between 2000 and 2005



Stewart Enterprises Reports Results for the Third Fiscal Quarter of 2006

Stewart Enterprises, Inc. (Nasdaq GS: STEI) reported today its results for the third quarter of fiscal year 2006.



Deep in debt, Newburgh's Conklin & Sons closes

Ira D. Conklin & Sons Inc. has closed up shop.



Exelon Credit Ratings Intact

Exelon Corp. saw the three major credit ratings agencies affirm their ratings on the utility Friday, one day after the Chicago company called off its pending billion-dollar merger with Public Service Enterprise Group



Understanding Credit Scores and Repairs

If you are applying for a mortgage, you're going to have to deal with credit scores. Here's a primer on credit scores and methods for improving them



Federal debt up $64.6B in August

Overall deficit will be lower compared to 2005



S&P Cuts Dollar General View to "Stable"

Credit ratings agency Standard & Poor's Ratings Services on Wednesday lowered its outlook on discount retail chain Dollar General Corp. to "Stable" from "Positive," citing increased inventory and a decline in business performance



Janus to Refinance Debt With New Notes

Janus Capital Group Inc., a financial services firm, said Wednesday it began selling $275 million in five-year unsecured debt to raise money to pay down $113 million in existing debt



Mortgage Next launches debt management service

Mortgage Next has launched a debt management facility which appointed representatives of its network and directly authorised brokers can promote as additional services.



Firstrand - RMB and Morgan Stanley Announce International Debt Distribution

RAND MERCHANT BANK AND MORGAN STANLEY ANNOUNCE INTERNATIONAL DEBT DISTRIBUTION COOPERATION AGREEMENT



AlphaTrust Launches PRONTO(TM) eSignature for the Debt Management Industry

AlphaTrust Corporation, a global provider of electronic signature solutions, announced today it has formally launched its PRONTO(TM) eSignature product line for the debt management industry



Agreement with Dallas debt settlement company

An agreement announced today between the state and a Dallas-based debt settlement company could mean refunds for some customers



Deutsche Telekom rating outlook cut to negative from stable - S&P

Standard & Poor''s Ratings Services said it has revised its debt rating outlook on Deutsche Telekom AG to negative from stable, after higher-than-expected investments in US mobile licences and the recent downward revision of group guidance for 2006 and 2007



Natividad implements debt policy

Accounting staff will be barred from writing off delinquent accounts



Moody's may raise Hartford's senior debt rating

Moody's Investors Service on Friday said it may raise its debt ratings on the Hartford Financial Services Group, Inc. (HIG.N: Quote, Profile, Research), saying it is reconsidering the gap between the company's insurance financial strength rating (IFS) and its senior debt.



Debt Consolidation Advice: How to Find the Best Program

If you're deep in debt and having difficulty paying your bills, one of the best sources of debt consolidation advice and help is a credit counseling company



The Truth about Credit Counselors

The average American is a mere three paychecks away from facing huge, potentially devastating financial difficulty.



Help for Consumers and Small Businesses: How to Create a Financial Snowball Effect to Pay Off Debt..

In the last five years, the total amount of credit card debt in the US has increased by more than $700 Billion per year.



Debt financing industry continues growth

Australia's factoring and discounting industry is still booming, as the big banks continue their fresh assault on the market, and small businesses scramble to free up cash for growth while the economy runs hot.



3 Simples Ways To Avoid Bankruptcy

In this debt-ridden society, many people are in severe financial difficulties. While bankruptcy is the last step in a long road of financial pressures for many, others opt for this solution too early, sometimes without considering suitable bankruptcy alternatives



Debt Consolidation Companies - The Offers

With all the advertisements one sees on TV and in print, it's no wonder debt consolidation has become one of the hottest businesses this year. However, they are not one and the same.



Fitch Downgrades Anadarko Debt Ratings

Fitch Ratings on Tuesday downgraded its debt ratings for Anadarko Petroleum Corp., citing the company's fattened debt portfolio after its acquisition of rivals Kerr McGee Corp. and Western Gas Resources



Geophysique ratings on CreditWatch negative - S&P

Standard & Poor's Ratings Services has placed its 'BB-' long-term corporate credit and senior unsecured debt ratings on Compagnie Generale de Geophysique (CGG) on CreditWatch with negative implications



Direct route to profits

DEBT advice firm Debt Free Direct shrugged off recent criticism of the sector to announce a bumper profits forecast as record numbers of consumers become insolvent



Big investors turning to private companies

It's not just Canada's largest corporations that are getting taken over at an unprecedented rate



As consumers sink deeper into red, Debt Free Direct's profit soars beyond forecasts

Advice firm Debt Free Direct yesterday highlighted the problems facing thousands of people laden with credit card and other outstanding bills when it forecast a surge in profit growth for this year.



HOV Services: Invest at cut-off

HOV Services is a risky play on the BPO opportunity. Managing high client concentration, attrition and competition remains a challenge



The Mortgage Debt That Never Dies

Kent Reliance Building Society is the first to make the never-ending mortgage facility available in the UK



Starting a Small Business From a Position of Debt

There is little doubt that many new businesses fail in their first year, plus quite a high percentage will fail in the subsequent 4 years



Accounts Receivable Technologies’ CEO, Paul Errigo, is Invited to Speak as an Expert...

Accounts Receivable Technologies’ CEO, Paul Errigo, is Invited to Speak as an Expert on Champion Challenger Programs at the 2006 Debt Connection Symposium



Exports up, but rate rise feared

SOARING prices for commodity exports have sliced another $392million off the nation's current account deficit



S&P Raises Aquila's Credit Ratings

Credit-ratings agency Standard & Poor's Ratings Services on Friday raised utility company Aquila Inc.'s rating and left it on CreditWatch with positive implications



S&P cuts debt rating on Unisys Corp. one notch

Standard & Poor's on Friday cut its rating on Unisys Corp. (UIS.N: Quote, Profile, Research) by one notch, citing uncertainties about the computer service company's outlook for profits and cash flows and challenging market condition



How to Score Funding Without VCs

Building a company from scratch is never easy


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