North Dakota global credit rating upgraded to AAA

~~~~~~~~
By MARK SCOLFORO
BISMARCK, N.D. (AP) Oil-rich North Dakota has received the highest credit rating available from a worldwide fnancial
services company.
Gov. Jack Dalrymple says Standard & Poor's decision to upgrade the state's credit outlook to AAA shows a commitment
by government leaders to manage the budget and keep money in the bank.
North Dakota is now one of only 15 states to hold the global agency's top rating.
The report released Friday says North Dakota has shown a "very strong capacity to meet fnancial commitments" and
cites the state's low unemployment rate and per-capita gross state product.
The outlook for the state is listed as "stable."
Russia credit rating cut amid Ukraine crisis
AP Top News Package, 04/25/2014
Article
MOSCOW (AP) Russia felt the impact of the Ukrainian crisis on its economy on Friday,
when ratings agency Standard & Poor's cut its credit grade for the frst time in fve years
and the central bank raised interest rates to keep the sliding currency from fueling
infation.S&P said in a statement it dropped Russia's rating to one level above "junk
status" because the tense situation over Ukraine was causing investors to pull money out
of the country. [ABSTRACT FROM PUBLISHER]
Moscow, Russia
AP3594d61a6a9140d787d970b69edf58f7
Newswires
Man with 1st name 'God' sues credit rating agency
AP English Worldstream - English, 04/11/2014
Article
NEW YORK (AP) A New York City man claims that a credit reporting agency falsely
reported he had no fnancial history because his frst name is God.According to the New
York Post (http://bit.ly/1evP6XW ), God Gazarov says in a lawsuit that Equifax has
refused to correct its system to recognize his name as legitimate. [ABSTRACT FROM
PUBLISHER]
New York, United States
APf426832d6c08455b9fb1670c91eac709
Newswires
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NYC man named 'God' suing credit-rating agency
AP Regional State Report - New York, 04/11/2014
Article
NEW YORK (AP) A Brooklyn man claims that a credit-reporting agency falsely reported
he had no fnancial history because his frst name is God.According to the New York Post
(http://bit.ly/1evP6XW ), God Gazarov says in a lawsuit that Equifax has refused to
correct its system to recognize his name as legitimate. [ABSTRACT FROM PUBLISHER]
New York, United States
AP72acdf0853404c8c9818cc6bcf851dd
Newswires

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Freeman, Lisbeth
Vermont Law Review. 2009, Vol. 33 Issue 3, p585-619. 35p.
Article
MORTGAGE-backed securities
GLOBAL Financial Crisis, 2008-2009
RATING agencies (Finance)
BUSINESS cycles
LIABILITY (Law)
LOANS -- Economic aspects
STOCK exchanges
STOCK exchanges -- Law & legislation -- United States
UNITED States
BEAR Stearns & Co. Inc.
523210 Securities and Commodity Exchanges
522291 Consumer Lending
The article focuses on the liability of credit-rating agencies to the investors who
purchases failing mortgage-backed securities. Among its highlights is the Bear Stearns &
Co. Inc., a major investment bank, that marked the beginning of a fnancial crisis whose
impacts are still being realized. There are fve topics which include the exmaniation of
mortgage-backed securities background, an overview of the subprime lending crisis, and
the role of therating agencies within the issue. In addition, it also discusses the proposed
Control Person Liability under section 20 of the U.S. Securities Exchange Act of 1934.
0145-2908
43308037
Research Starters - Business
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