Long-term credit

• United States Fidelity and Guaranty Company and American Home Assurance Company, Plaintiffs-Counter-Defendants-Appellants, v. Braspetro Oil Services Company, Petroleo Brasileiro S.A. - Petrobras, Bank of Tokyo-Mitsubishi, Ltd., Formerly Known as Bank of Tokyo, Ltd.-Japan, and Long-Term Credit Bank of Japan, Ltd., Defendants-Counter-Claimants-Appellees., 369 F.3d 34 (2nd Cir. 2004)

• Federal Circuits

• Eie Guam Corporation, a Guam Corporation, Plaintiff-Appellant, v. the Long Term Credit Bank of Japan, Ltd., Now Known as the Shinsei Bank, Ltd., a Japanese Corporation; and the Resolution and Collection Corporation, a Japanese Corporation, Defendants-Appellees. Eie Guam Corporation, a Guam Corporation, Plaintiff-Appellee, v. the Long Term Credit Bank of Japan, Ltd., Now Known as the Shinsei Bank, Ltd., a Japanese Corporation; and the Resolution and Collection Corporation, a Japanese Corporation, Defendants-Appellants., 322 F.3d 635 (9th Cir. 2003)

• Federal Circuits

• Political Risks, Rising Debt Burden; Outlook Negative

TORONTO, Aug. 5, 2011 /PRNewswire/ -- We have lowered our long-term sovereign credit rating on the United States of America to 'AA+' from 'AAA' and affirmed the 'A- 1+' short-term rating.

• U.S. Newswire
• August 05, 2011

• Can Trade Credit Supply Be Used Strategically to Make a Difference?

This article will show that trade credit can in fact be a long-term consideration and that credit extension/demand and credit management can be used as a strategic device for competing and adding value to the firm. The authors will examine different ways companies can use trade credit management as a device that plays a significant role in strategic decision making and in their overall efficiency, profitability and long-term survival. Furthermore, the authors will explore ways in which companies can use trade credit pro-actively to deal with problems such as late payment and default, and then discuss the importance of credit policy formulation which provides a framework and a mechanism for consistent and effective credit management. Firms may be able to discriminate/distinguish themselv...

• Credit Management
• Nbr. 8/2008, August 2008

• State Street Unveils Long Term Credit ETF.

• Business Wire
• March 11, 2009

• The Administration Shoots the Messenger: ; Instead of; Just Slamming S&P,; Why Not Put Out a Democratic Plan?

WHEN Standard & Poor's downgraded the U.S.'s long-term credit rating from AAA to AA+ on Aug. 5, Washington went on the offensive. President Barack Obama's advisers blasted S&P. The administration's friends and allies came out with guns blazing.

• Charleston Daily Mail
• August 23, 2011

• Eie Guam Corporation, Petitioner, v. the Supreme Court of Guam, Respondent. the Long-Term Credit Bank of Japan, Ltd., Real Party in Interest., 191 F.3d 1123 (9th Cir. 1999)

• Federal Circuits

• When Worlds Collide: The Altered State of Private Equity-a Conference Summary

The Federal Reserve System's Private Equity Merchant Banking Knowledge Center, formed at the Chicago Fed in 2000 after the passage of the Gramm-Leach-Bliley Act, sponsors an annual conference on new industry developments. Sanjeev Mehra, Goldman Sachs Group, surveyed the current state of the private equity industry. During the five-year period leading up to mid-2007, leveraged buyout (LBO) activity increased, driven by access to plentiful and low-cost credit. Leverage ratios also increased, new leveraged loan issuance soared, and credit quality declined. Meredith Coffey, LSTA, surveyed short-, medium-, and long-term trends in the leveraged finance market. In the short term, technical factors (increasing demand relative to supply) and fundamental factors (soaring defaults and rating downg...

• Chicago Fed Letter
• Nbr. 267b, October 2009

• The Aristotle Corporation Announces Fourth Quarter and Calendar 2007 Results, Extends Long-Term Credit Facility and Declares Semi-Annual Preferred Dividends.

• Business Wire
• March 11, 2008

• Wall Street Listens for Earnings Beat Rate

As tends to be the case during corporate earnings season, the stock market was volatile but all three major indexes are on track to finish the shortened trading week higher than it ended last week. While corporate earnings have been as strong as I suspected, I have to acknowledge that I am more than a tad surprised by the market strength given Standard & Poor's revised long-term credit rating outlook for the U.S. from "stable" to "negative. Of course, that is the nature of earnings season as the market tends to be swept up by the latest news and earnings beats or shortfalls. In this case, it's the number of companies reporting either better than expected quarterly results or increasing respective near-term forecasts that has fueled the market move on Wednesday and Thursday.

• The Washington Times
• April 22, 2011