Financing Municipal Facilities: Hearings, Ninetieth Congress, First Session, 1. daļa
U.S. Government Printing Office, 1968 - 447 lappuses
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Aberdeen amount assessed AYRES banks basis bids Bond Buyer bond financing bond issues bond market bond rating service budget Capital outlay excluding Chairman PATMAN committee Congress contributions to pension corporate Dayton debt service default dollars Dun & Bradstreet estate tax excluding long term exemption expenditures facilities FDIC Federal Government fiscal GOODMAN improvement Income received income tax increase industrial revenue bonds institutions interest costs interest rates investment investors League of Cities Long term borrowing Long term debt Mayor BEHREL Mayor HURLBERT Mayor TOMLINSON million Moody's municipal bonds municipal finance National League Number Ohio outlay excluding long payments percent problems projects property taxes question rating agencies rating system real estate tax Representative BROCK Representative WHALEN salaries Senator PROXMIRE sewer Standard & Poor's statement tax-exempt term debt retired Texas tion unrated WRIGHT PATMAN York City York City's
17. lappuse - It is a major responsibility that can best be met by establishing audit sites at the Federal Reserve Board, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency.
27. lappuse - Bonds which are rated Baa are considered as medium grade obligations; ie, they are neither highly protected nor poorly secured. Interest payments and principal security appear adequate for the present but certain protective elements may be lacking or may be characteristically unreliable over any great length of time. Such bonds lack outstanding investment characteristics and in fact have speculative characteristics as well.
27. lappuse - B generally lack characteristics of the desirable investment. Assurance of interest and principal payments or of maintenance of other terms of the contract over any long period of time may be small. Caa Bonds which are rated Caa are of poor standing. Such issues may be in default or there may be present elements of danger with respect to principal or interest. Ca Bonds which are rated Ca represent obligations which are speculative in a high degree. Such issues are often in default or have other marked...
27. lappuse - While the various protective elements are likely to change, such changes as can be visualized are most unlikely to impair the fundamentally strong position of such issues. Aa Bonds which are rated Aa are judged to be of high quality by all standards. Together with the Aaa group they comprise what are generally known as high grade bonds. They are rated lower than the best bonds because margins of protection may not be as large as in Aaa securities or fluctuation of protective elements may be of greater...
25. lappuse - While such debts will likely have some quality and protective characteristics, these are outweighed by large uncertainties or major risk exposures to adverse conditions. The rating C is reserved for income bonds on which no interest is being paid. D Debt rated D are in default, and payment of interest and/or repayment of principal is in arrears.
114. lappuse - For purposes of subparagraph (B) (ill), the term 'affiliated group' has the meaning assigned to such term by section 1504 (a) : except that (i) the phrase 'more than 50 percent...
113. lappuse - For purposes of this subparagraph an authorized placement agency is any agency which is authorized by a State, the District of Columbia, a possession of the United States, a foreign country, or a political subdivision of any of the foregoing to place children for adoption.
26. lappuse - ... the only characteristic to which the rating refers. Since ratings involve judgments about the future, on the one hand, and since they are used by investors as a means of protection, on the other, the effort is made when assigning ratings to look at "worst" potentialities in the "visible" future, rather than solely at the past record and the status of the present.