Lodinews.com

default avatar
Welcome to the site! Login or Signup below.
|
||
Logout|My Dashboard

Fitch Ratings affirms city's AA- debt rating

Print
Font Size:
Default font size
Larger font size

Posted: Tuesday, August 2, 2011 12:00 am | Updated: 7:21 am, Tue Aug 2, 2011.

Fitch Ratings upgraded its outlook for the city of Lodi's $21.7 million in outstanding 2002 General Fund debt and maintained its AA- rating, according to a company press release issued Monday.

The city's financial outlook went from "negative" to "stable" in the decision.

Subscription Required

An online service is needed to view this article in its entirety. You need an online service to view this article in its entirety.

Have an online subscription?

Login now

Need an online subscription?

Subscribe

Login

You must login to view the full content on this page.

Thank you for reading 20 free articles on our site. You can come back at the end of your 30-day period for another 20 free articles, or you can purchase a subscription at this time and continue to enjoy valuable local news and information. If you need help, please contact our office at 209-369-2761. You need an online service to view this article in its entirety.

Have an online subscription?

Login now

Need an online subscription?

Subscribe

Login

More about

Rules of Conduct

  • 1 Use your real name. You must register with your full first and last name before you can comment. (And don’t pretend you’re someone else.)
  • 2 Keep it clean. Please avoid obscene, vulgar, lewd, racist or sexually oriented language.
  • 3 Don’t threaten. Threats of harming another person will not be tolerated.
  • 4 Be truthful. Don't lie about anyone or anything. Don't post unsubstantiated allegations, rumors or gossip that could harm the reputation of a person, company or organization.
  • 5 Be nice. No racism, sexism or any sort of -ism that is degrading to another person.
  • 6 Stay on topic. Make sure your comments are about the story. Don’t insult each other.
  • 7 Tell us if the discussion is getting out of hand. Use the ‘Report’ link on each comment to let us know of abusive posts.
  • 8 Share what you know, and ask about what you don't.
  • 9 Don’t be a troll.
  • 10 Don’t reveal personal information about other commenters. You may reveal your own personal information, but we advise you not to do so.
  • 11 We reserve the right, at our discretion, to monitor, delete or choose not to post any comment. This may include removing or monitoring posts that we believe violate the spirit or letter of these rules, or that we otherwise determine at our discretion needs to be monitored, not posted, or deleted.

Welcome to the discussion.

4 comments:

  • Doug Chaney posted at 10:52 pm on Wed, Aug 3, 2011.

    Doug Chaney Posts: 1232

    And, by the way, PG&E has already purchased some units and plans to sell the power from them. The real advantage is that they will require no power lines for delivery, eliminating outdated and obsolete eyesores like COL provides.


     
  • Doug Chaney posted at 10:48 pm on Wed, Aug 3, 2011.

    Doug Chaney Posts: 1232

    headquarters, including Google, Coca Cola, Ebay and Starbucks among others. They predict the availability of the Bloom box within 5 years that will power a complete home and cost less than 3 thousand dollars. RIP Lodi Electric and NCPA!

     
  • Doug Chaney posted at 10:42 pm on Wed, Aug 3, 2011.

    Doug Chaney Posts: 1232

    Josh, you know that last year COL dumped Fitch and switched to Standard & Poors for fear that Fitch would downgrade them? Turns out S&P was suspected of "selling" higher ratings for the right price? the Bloom box Hmmmm, wonder why COL suddenly went back to Fitch? AA- is not a very good rating, by the way. When the Bloom box becomes available in the near future, Lodi electric will become extinct. It produces its own power supply in an approximate 8: square box and requires no outside delivery system. See it on CNBC 60 Minutes or googlle up bloombox.com and see for yourself. I requested to be one of their first resiidential customers and hope to be able to invest in their company, that will make Lodi' Energy Center and the predatory Northern CA Power Assn. obsolete. Check it out. They're currently being used at 16 large corporate

     
  • Josh Morgan posted at 4:31 pm on Wed, Aug 3, 2011.

    Josh Morgan Posts: 532

    Can't believe this article has been up for two days without a nice compliment from Doug to the City for the rating they've received.

     
Readers Choice Awards 2014

Video

Popular Stories

Poll

Loading…

Mailing List

Subscribe to a mailing list to have daily news sent directly to your inbox.

  • Breaking News

    Would you like to receive breaking news alerts? Sign up now!

  • News Updates

    Would you like to receive our daily news headlines? Sign up now!

  • Sports Updates

    Would you like to receive our daily sports headlines? Sign up now!

Manage Your Lists