WSJ says "Fitch Ratings Sees Little Threat" to LGIPs

Jan 11 08

Wall Street Journal says "Fitch Ratings Sees Little Threat To States From Risky Investments". As other ratings agencies have also pointed out, it appears that the Florida Board of Administration's Government Investment Pool troubles and run on assets were an anomaly, and that LGIPs overall have limited SIV exposure and no real troubles. Fitch told the Journal that its research, "[S]uggests that exposure to risky investments is relatively confined. Most states have investment statutes or policies in place preventing investment in riskier instruments, and the vast majority of states have not invested in such instruments." The Fitch release may be seen here.

Email This Article




Use a comma or a semicolon to separate

captcha image

Daily Link Archive

2024 2023 2022
March December December
February November November
January October October
September September
August August
July July
June June
May May
April April
March March
February February
January January
2021 2020 2019
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2018 2017 2016
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2015 2014 2013
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2012 2011 2010
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2009 2008 2007
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2006
December
November
October
September