Watch Debt, but Don't Corset Yourselves, Analysts Tell States at Net work Conference

"There's a lot of nervousness in the market today," said Claire Cohen, executive managing director at Fitch Investors Service. "Tailor (debt limits) to your needs as an issuer. If it's right, that will be recognized." Richard Larkin, managing director at Standard &...

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Bibliographic Details
Published inThe Bond buyer (New York, N.Y. 1982) Vol. 298; no. 28791
Main Author Racine, John
Format Newspaper Article
LanguageEnglish
Published New York, N.Y SourceMedia 06.12.1991
Subjects
Cohen, Claire
Debt management
Debt service
Larkin, Richard
AUSTIN, Tex
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Summary:"There's a lot of nervousness in the market today," said Claire Cohen, executive managing director at Fitch Investors Service. "Tailor (debt limits) to your needs as an issuer. If it's right, that will be recognized." Richard Larkin, managing director at Standard & Poor's Corp., said that while other analysts did not favor statutory debt limits, he did. "It gives you a little more clout," he said. Already, states are feeling the pinch of the current slowdown in the economy. But as states use short-term borrowings to solve cash-flow problems, Mr. Larkin warned they face the prospects of having one-year notes affect debt calculations by Standard & Poor's.
ISSN:0732-0469