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| BondsOnline.com: instant access to and extensive coverage of over 3.5 million stocks, bonds, indexes and other securities covering major and emerging markets and exchanges across the globe. |
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| Bonds Online |
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| 5/10/2013Market Performance |
| Municipal Bonds |
|---|
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S&P National Bond Index
|
3.00% |
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S&P California Bond Index
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2.96% |
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S&P New York Bond Index
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3.13% |
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S&P National 0-5 Year Municipal Bond Index
|
0.70% |
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| S&P/BGCantor US Treasury Bond |
400.09 |
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| Income Equities: |
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| Preferred Stocks |
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S&P U.S. Preferred Stock Index
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848.03 |
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S&P U.S. Preferred Stock Index (CAD)
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636.26 |
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S&P U.S. Preferred Stock Index (TR)
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1,701.05 |
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S&P U.S. Preferred Stock Index (TR) (CAD)
|
1,276.26 |
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| REITs |
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S&P REIT Index
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174.07 |
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S&P REIT Index (TR)
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425.30 |
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| MLPs |
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S&P MLP Index
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2,469.58 |
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S&P MLP Index (TR)
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5,428.50 |
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See Data
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Fitch: U.S. Public Finance Downgrades Up During 1Q'10 |
Fitch Ratings-New York-24 June 2011: Fitch Ratings notes that during the first quarter of 2011 and for the ninth consecutive quarter, U.S. public finance rating downgrades outnumbered upgrades. This trend in public finance ratings is expected to continue as Negative Rating Outlooks exceeded Positive Rating Outlooks (3.9:1) and Negative Rating Watches still outweighed Positive Rating Watches (15:1) in the first quarter of 2011.
Notably, a majority of the actual rating actions, 81.0%, during the first quarter were affirmations, with no change in Rating Outlook or Rating Watch status. Furthermore, 91.3% of ratings had a Stable Rating Outlook at the end of the first quarter.
Both the number of upgrades and downgrades increased from fourth-quarter 2010. Downgrades were at their second highest level in the past eight years, second only to the fourth quarter of 2009, when there were 70 downgrades. Fitch downgraded 63 credits in the first quarter of 2011, which represented approximately 9.2% of all rating actions and $22.6 billion in par value. In the fourth quarter of 2010, Fitch downgraded 46 credits.
Fitch also upgraded 26 credits in the first quarter of 2011, which represented 3.6% of all rating actions and $2.0 billion in par value. In the fourth quarter of 2010, Fitch upgraded 20 credits.
The bulk of the downgrades by par value occurred in the tax-backed sector, the largest of which was the downgrade of Clark County School District, NV limited tax general obligation bonds to 'AA-' from 'AA'. The bulk of the upgrades by par value occurred in the healthcare sector.
The full report 'U.S. Public Finance Rating Actions for First Quarter 2011' summarizes these rating actions by sector and can be found at 'www.fitchratings.com'.
Contact:
Sarah Repucci
Senior Director
+1-212-908-0726
Fitch, Inc.
One State Street Plaza
New York, NY 10004
Vincent Barberio
Managing Director
+1-212-908-0505
ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.
30 North Colonnade, London, E14 5GN
Visit the BondsOnline Credit Ratings page.
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| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
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