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Debt Research News - January, 2007















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

Credit Research News - January, 2007



Gales Industries Incorporated Executive Management Converts Debt into Common Shares

Gales Industries Incorporated today announced that Peter D. Rettaliata and Dario A. Peragallo, President and Executive Vice President respectively, have agreed to convert $719,772.44 in principal amount of notes plus accrued interest due from the Company into 1,799,431 shares of Gales common stock



S&P raises Xerox credit rating to ‘positive’

Credit rating agency Standard and Poor’s has raised its outlook on Xerox Corp.’s credit to “positive” from “stable.”



Fitch Rates Florida's $327.66MM PECO Bonds 'AA+'; Outlook Stable

Fitch Ratings has assigned an 'AA+' rating to approximately $327,660,000 State of Florida full faith and credit state board of education public education capital outlay (PECO) bonds, 2004 series D, for bids on 18 hours notice as early as Jan. 30



Watch List (Jan. 28-Feb. 3): Debt Investors Look to 2007

A Weekly Column of Distressed Commercial Properties and Mortgages News



KC debt load near the max

The cost of downtown’s building boom is an important topic for mayoral candidates



Today's issues: Downtown, debt

Kansas City’s next mayor must continue downtown’s renaissance while better focusing the use of tax breaks for economic development



Consultant tells commissioners tax hike a must

A property tax rate increase of at least 5.5 cents would be needed over the next two years to pay for the capital improvement projects facing Wayne County



Debt Consolidation Refinance, Is It Good? And What Works Best For You

Many people in our modern society live from paycheck to paycheck



Payday loan shops find friend at the Fed

Payday loans are not necessarily predatory, says a surprising new report from the Federal Reserve Bank of New York



Comverge completes $40 million financing with GE Energy Financial

Comverge Inc. announced that it has obtained a $40 million senior credit facility from GE Energy Financial Services to expand its clean energy programs



Kaulkin Ginsberg: $3 to $4 Billion in Healthcare Debt Portfolios Sold in 2005

Kaulkin Ginsberg Company, the leading provider of M&A services, strategic advice, research, and information for the Accounts Receivable Management (ARM) industry, has released findings from its recent research publication, Healthcare ARM Report, 2006



Fitch Upgrades Children's Healthcare Services (NE) Bonds to 'A'; Outlook Stable

Fitch Ratings has upgraded the underlying rating on the Nebraska Investment Finance Authority Health Facilities approximately $53.6 million health care facilities revenue bonds



Neotel to settle shares for debt and grant stock options

Neotel International Inc. ("Neotel") announces that it has reached an agreement, subject to regulatory approval, with certain of its arms' length and non-arms' length suppliers of services and creditors to settle debt



Moody's Upgrades University of Pennsylvania's Debt Rating, Citing Growth in Financial Reserves

Moody's Investor Services has upgraded the University of Pennsylvania's long-term debt rating to Aa2, from Aa3



Debt Resolve, Inc. Acquires First Performance Corp.

Acquisition to Strengthen Debt Resolve's Global Online Collections Strategy



Level 3 Exchanges Convertible Debt for Equity

Level 3 Communications, Inc. today announced that pursuant to an exchange agreement certain institutional investors exchanged approximately $115 million aggregate



Lawmakers worry about state's debt level, borrowing

Schwarzenegger's proposed bonds would set the state above the recommended deficit



Hopson placed on watch neg on increased debt levels

Standard & Poor's Ratings Services said that it had placed its 'BB+' long-term corporate credit rating on Hopson Development Holdings Ltd. (Hopson) on CreditWatch with negative implications



Fitch Rates Fidelity National Information Services Unsecured Debt 'BB+'

Fitch Ratings has assigned a senior unsecured rating of 'BB+' for Fidelity National Information Services' (Fidelity) new $3 billion senior unsecured credit facilities



Deutsche Bank Opens Regional Corporate Trust Office in Boston

Timothy Donmoyer Joins to Head New Office



Comverge Completes $40M Financing With GE Energy Financial Services To Grow Its Clean Energy Program

Comverge, Inc. announced recently that it has obtained a $40 million senior credit facility from GE Energy Financial Services to expand its clean energy programs, which reduce energy costs by increasing available electric capacity during periods of peak electricity demand



Comverge completes $40 million financing with GE Energy Financial Services

Comverge, Inc. announced today that it has obtained a $40 million senior credit facility from GE Energy Financial Services to expand its clean energy programs, which reduce energy costs by increasing available electric capacity during periods of peak electricity demand



Concern over mounting debt

DEBT is reaching such high levels in Suffolk that it is undermining community wellbeing and holding back the county's economy



Facing losses, Kent Hospital decides to cut pay, services

Kent Hospital plans to cut pay for top executives, postpone raises, delay hiring more staff and cut back on outpatient services after suffering an estimated loss of at least $4.2 million in the last quarter, hospital officials announced recently



Fitch Rates Financement-Quebec 'AA-'; Affirms Province of Quebec, Canada's 'AA-/F1+' Rating

Fitch Ratings has assigned the 'AA-' rating to Financement-Quebec's (FQ) medium-term note programme



FTC: Debt program misleads consumers

A nationwide debt consolidation business violated federal law by misleading and illegally telemarketing to millions of consumers, according to the Federal Trade Commission, which is seeking consumer redress in federal court and a freeze on the operation’s assets



Fitch Assigns 'A' to Orlando Regional Healthcare System's (Florida) 2007A & B Bonds

Fitch Ratings has assigned an underlying 'A' rating to the approximately $90 million Orange County Health Facilities Authority Hospital Revenue Bonds (Orlando Regional Healthcare System) series 2007A and to the approximately $60 million series 2007B



Fitch cuts Health Management ratings

Fitch Ratings on Wednesday downgraded its debt ratings for Health Management Associates Inc. after the hospital chain said earlier in the day that it would recapitalize its balance sheet and pay a special $10 dividend financed by borrowings



Debt Resolve, Inc. Announces New Director

Jeffrey Bernstein, Formerly of MasterCard Advisors, to Join the Debt Resolve Board of Directors



Debt Resolve, Inc. Announces New Director

Jeffrey Bernstein, Formerly of MasterCard Advisors, to Join the Debt Resolve Board of Directors



LaCrosse Global Fund Services to Utilize CorrectNet infiPOINT Platform for Enhanced ManagerReporting

CorrectNet today announced that LaCrosse Global Fund Services has selected the infiPOINT(TM) platform as its hedge fund manager reporting application. The system enables LaCrosse to provide hedge fund clients with online access to hundreds of back-, middle- and front-office reports on operations management



New Report Links High Credit Card Debt to Medical Expenses

More American Families Charging Co-Pays, Uncovered Prodecures and Health Care Costs, Putting Them at Financial Risk



i2Telecom Announces Repayment of Convertible Debenture

Transaction Allows Company to Retire 100 Million Shares of Common Stock and Eliminates Future Rights to Convert Debt into Common Stock



Debt issue added to mix

City would pay on Ernie Shore and new ballpark at same time



Smiths long term rating cut to 'BBB+' by S&P

Standard & Poor's Ratings Services said today it lowered its long-term corporate credit rating on aerospace and engineering group Smiths Group PLC to 'BBB+' from 'A-'



No Way Out: A Fifty Percent Dollar Devaluation

Artificial Economics, the brainchild of the Master Planners, has focused on building an economy where debt -- not income -- pays for goods and services



Cures for holiday debt hangovers

The holiday season often flies by in a blur



How to sidestep the credit card traps

ARMING yourself with information is one of the bestways to avoid credit cardtraps



Officials are millions apart on debt limit

The Board of Finance on Thursday night set a safe debt limit - a guideline for how much should be borrowed for capital projects next fiscal year - at $38 million



Debt Management Services - A Closer Look

A common misconception regarding the problems associated with overextending ones finances is that it's the result of easy credit



Fitch Rates University of Colorado Hospital's Series 2007 Rfdg Bnds 'BBB+'

Fitch has assigned a 'BBB+' underlying rating to approximately $72.8 million of University of Colorado Hospital Authority (UCH) refunding revenue bonds, series 2007A



Fitch Rates Kaiser Permanente's 2007 Bonds 'A+'; Affirms Outstanding Debt at 'A+' & 'A+/F1'

Fitch assigns long-term ratings of 'A+' to the following Kaiser Permanente (Kaiser) multimodal bond issues



Debt And Bill Consolidation - Consolidate Debts With No Loan Or Credit Check

Debt consolidation has several advantages



Alliant Closes Acquisition of EF&A Multifamily Debt Finance Company

The Alliant Company, LLC, the parent of Alliant Capital, Ltd. ("Alliant"), today announced the closing of its acquisition of EF&A Funding, L.L.C. ("EF&A"). Financial terms were not disclosed



S&P Keeps Six Flags on Watch Negative

Standard & Poor's Ratings Services said Friday its ratings, including the 'B-' corporate credit rating, on amusement park operator Six Flags Inc. remains on CreditWatch with negative implications



Student from USM lobbies for debt relief

Andrew Bossie, a political science major at the University of Southern Maine, put his books away for a while on Thursday to get a practical lesson in the legislative process



Fitch Rates NYU Hospitals Center's $170MM Bonds Series 2007A 'BBB-'; Outlook Stable

Fitch has assigned a 'BBB-' rating to the approximately $170 million Dormitory of the State of New York, NYU Hospitals Center (NYUHC), revenue bonds series 2007A



Level 3 Signs Agreement to Exchange Debt for Equity

Level 3 Communications, Inc. (NASDAQ: LVLT) today announced that pursuant to an exchange agreement, Southeastern Asset Management, on behalf of certain investment accounts



Feeling Holiday Debt Hangover?

Call Your Creditors, Plan Your Budget and Seek Helpful Credit Counseling



Where credit is due: Control board gets 'A'

The city of Springfield still faces challenges as it continues to dig its way out of a financial hole, but the light at the end of the tunnel is beginning to get a little brighter



Guilford proposing another bond debt

Guilford County is going into debt again to build public buildings and renovate old ones. And taxpayers will pick up the bill



Fitch Rts Santa Clara Valley Wtr Dist, CA $78MM COPs 'AA+'; Stable Outlook

Fitch assigns an 'AA+' rating to approximately $78 million Santa Clara Valley Water District (the district), California, refunding and improvement certificates of participation, series 2007A



Terra Capital Announces Debt Tender Offer

Terra Capital, Inc. (“Terra Capital”), a wholly-owned subsidiary of Terra Industries Inc. (NYSE:TRA), announced today that it has commenced a cash tender offer for any and all of its 127/8% Senior Secured Notes due 2008



Christmas Bills

Research shows many credit card owners go into the new year with huge amounts of debt accumulated from Christmas spending



Beware Of Debt Counseling Frauds

Everywhere in the world today, people are becoming submerged in debt



How To Choose A Better Debt Settlement Company?

We all want more for less, bargain has been our innate human quality



Too Much Debt?

Warning signs of debt problems



S&P Lowers Aramark Ratings

Standard & Poor's Ratings Services lowered its corporate credit rating for Aramark Corp. and its subsidiary Tuesday and withdrew ratings on the company's shelf debt



Debtwire Unveils 2007 Distressed Debt Market Outlook for North America

Debtwire, a leading provider of market intelligence on distressed and high yield credits, in conjunction with Bingham McCutchen and Chanin Capital Partners, today announced findings on the outlook for the North American distressed debt market in 2007



Consolidated Technologies Delivers New Flexibility to Debt Recovery Business with Avaya IP Telephony

Immediate Credit Recovery uses Avaya IP Office system; Integration, installation and support provided by Avaya’s North American "2006 BusinessPartner of the Year for Small and Medium Businesses"



Debt attitudes 'becoming worse'

People are becoming less responsible with their finances and have a worsening attitude towards debt, according to new claims from a debt services company



Keep The Coffee, Save The Cash

Easy Tips To Pad Your Pocketbook



Seven steps to financial gain in ’07

If one of your New Year’s resolutions is to get closer to becoming debt-free, this column is for you



How to survive a ‘holiday debt hangover’

When the bills containing the results of your holiday spending roll in this month, it can create what financial experts affectionately call the "holiday debt hangover"



Debt Consolidation Loan - How To Avoid Downward Spiral Of Debt

Debt consolidation is an answer to many of your debt problems



S&P Gives Kinder Morgan Junk Rating

Standard & Poor's Rating Services Friday cut Kinder Morgan Inc.'s corporate credit rating to junk status



Fitch Rates Lutheran Senior Services, Missouri's, Series 2007 Bonds 'A-'; Outlook Stable

Fitch has assigned an 'A-' rating to the $59.0 million Health and Educational Facilities Authority of the State of Missouri



The Truth About Bad Credit Debt Consolidation!

There are many sites advertising bad credit debt consolidation and claiming that there are debt consolidation loans available for those with a poor credit score



RR Donnelley Prices $1.25 Billion Debt Offering; Proceeds to Fund the Announced Acquisition...

R.R. Donnelley & Sons Company announced today the pricing of its offering of $1.25 billion of senior notes



Clearing Your Holiday Debt

The holidays have come and gone. But now some of those gifts are showing up again in the form of credit card bills



Online Debt Consolidation Services – Get Out Of Debt With Bad Credit

Online debt consolidation services help you get out of debt even with bad credit



Commissioners OK $66.7M county budget

Includes savings of $1.2 million for taxpayers, 3.5 pay percent raise



Allis-Chalmers Plans Stock, Debt Offer

Petroleum service company Allis-Chalmers Energy Inc. on Wednesday said it plans to publicly offer 4.5 million shares of its stock, as well as $225 million of senior notes in a private placement, to help pay off debt from a recent acquisition



Don't Let December Debt Haunt Your New Year's Resolutions

One of the top New Year's resolutions for Americans is to get out of debt and to better manage their money



First Command Tax Services Offering Price Cut to Early Filers

10 Percent Discount on Tax Preparation Services Through March 2



Get a fresh start: Now’s time to consider debt load or investing

Many Tuscarawas County residents found themselves deeper in debt in 2006, while others improved their financial future



The steep climb

Financial experts give their two cents on getting out of debt


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