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Credit Rating

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NEWS
by JULIE E. GREENE | May 9, 2003
Standard & Poor's Ratings Services lowered the corporate credit rating for Allegheny Energy Inc. on Thursday, but removed the utility's ratings from CreditWatch. Allegheny's credit rating was lowered from BB- to B over concern for the company's ability to sell enough assets or raise enough cash to meet payments on recent loan agreements, according to S&P Analyst Tobias Hsieh's report. In late February, Allegheny officials announced a $2.4 billion financing deal that allowed the utility headquartered southwest of Hagerstown to avoid filing for bankruptcy.
NEWS
By RICHARD F. BELISLE, Waynesboro | May 13, 1999
SHADY GROVE, Pa. - Grove Worldwide's chief financial officer said Thursday his company's future is undamaged by being placed on CreditWatch by Standard and Poor's. [cont. from front page ] The New York-based credit rating firm has set Grove's corporate credit rating at BB-, dropping Grove's borrowing capacity to the junk-bond range, said Standard and Poor's spokeswoman Christina Pretto. Grove's debt as of Dec. 31 was $482 million, according to Standard and Poor's.
NEWS
January 18, 2011
Franklin County (Pa.) Commissioner David Keller announced Tuesday he intends to seek re-election in 2011. Keller, a Republican, was first elected in November 2007. "I believe we've accomplished a lot over these past three years. I think the bottom line is this — with the help of a very capable management team and our employees, and the cooperation of our fellow elected officials and the courts, we have made very good progress in a number of key aspects of county government," Keller said in a news release.
NEWS
by PEPPER BALLARD | September 3, 2003
pepperb@herald-mail.com The Washington County Board of Education agreed Tuesday to ask the County Commissioners to back its plan to seek $25 million in bonds for school construction and consolidation projects. At a work session Tuesday afternoon, William Blum, the school system's chief operating officer, said that the county commissioners have asked schools officials to look into consolidating schools, but have not funded the school system's Capital Improvement Plan budget to a level that the school system can seriously look at consolidation projects.
OPINION
By ART CALLAHAM | August 20, 2011
Two weeks ago I wrote a column about heroes. It was good day to sit and recall some of the many folks who have motivated and inspired me over my several years. As I noted in the column, the names that appeared were but few of the many who have played a role in shaping my life. Writing the column and remembering some names and faces was a cathartic exercise for me personally. I hope that during this period where there appears to be few heroes - particularly when it comes to our national leadership - your thoughts and reflections about your heroes were equally as uplifting to you as mine were to me. Last week, my column was a vent and sadly the vent didn't get rid of all of my steam.
NEWS
June 15, 2006
Yesterday the Maryland General Assembly began a special session aimed at curbing a 72 percent rate hike set to take place July 1 for many Baltimore Gas and Electric Co. customers. We wish the lawmakers well, but it would have been nice if those who favored power deregulation in 1999 had opened the session by owning up to their bad call. As a penance for that, it would also be good if lawmakers saw fit to allow local governments to negotiate better rates for their citizens.
NEWS
By HEATHER KEELS | heather.keels@herald-mail.com | April 11, 2012
A global ratings agency has praised Meritus Health for its dominant market position and improved operating performance in a financial ratings report released this month. The report from Fitch Ratings gave the health system a “BBB” rating with a stable outlook. Meritus Health, formerly Washington County Health System, has maintained the BBB rating since it was first rated by Fitch in January 2008, Fitch Ratings Senior Director Eva Thein said. Their rating matches that of Standard & Poors, which also recently affirmed Meritus Health's “BBB” long-term rating with an outlook of stable.
NEWS
by MARLO BARNHART | July 11, 2003
marlob@herald-mail.com For nearly four years, Jacqueline Ballard has been working toward her dream of homeownership. On Thursday, she got a very sizable leg up on that end. "I'm this close to becoming a homeowner," Ballard said, holding two fingers slightly apart and smiling broadly as she received a check for $20,286.52 from the Hagerstown Housing Authority. Ballard, 36, has graduated from the Family Self Sufficiency Program administered by the Housing Authority since 1992.
NEWS
By LYNN LITTLE / Special to The Herald-Mail | October 2, 2009
We live in tough economic times, but many circumstances, -- including natural disasters, sudden military deployments, layoffs or furloughs, family changes, medical emergencies and divorce -- can lead to a drop in income. With some planning you can get a better handle on your finances and help reduce the stress of making ends meet with less money. The following steps will help: Try not to panic. The natural tendency is to worry and wonder how you'll make it, so try to remain calm.
NEWS
by TIM ROWLAND | October 28, 2003
You have probably heard of the Patriot Act, the post-Sept. 11 law that basically gives the federal government license to read your e-mail, search your property, listen in on your conversations, view your bank statements, read over your medical files and access any records that may be kept about you at your church - all without your knowledge or consent, without a warrant, without probable cause and without judicial review. (The gumshoes have to "ask" a judge for permission, but the judge is prohibited by law from saying no.)
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NEWS
By HEATHER KEELS | heather.keels@herald-mail.com | April 11, 2012
A global ratings agency has praised Meritus Health for its dominant market position and improved operating performance in a financial ratings report released this month. The report from Fitch Ratings gave the health system a “BBB” rating with a stable outlook. Meritus Health, formerly Washington County Health System, has maintained the BBB rating since it was first rated by Fitch in January 2008, Fitch Ratings Senior Director Eva Thein said. Their rating matches that of Standard & Poors, which also recently affirmed Meritus Health's “BBB” long-term rating with an outlook of stable.
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OPINION
By ART CALLAHAM | August 20, 2011
Two weeks ago I wrote a column about heroes. It was good day to sit and recall some of the many folks who have motivated and inspired me over my several years. As I noted in the column, the names that appeared were but few of the many who have played a role in shaping my life. Writing the column and remembering some names and faces was a cathartic exercise for me personally. I hope that during this period where there appears to be few heroes - particularly when it comes to our national leadership - your thoughts and reflections about your heroes were equally as uplifting to you as mine were to me. Last week, my column was a vent and sadly the vent didn't get rid of all of my steam.
OPINION
August 17, 2011
“I'm  reading Mail Call on Aug. 8 and I see where so many of the comments say well, looks like we got a new plan and we won't have a financial disaster. Trust me, we have a financial disaster. For the first time in our history, we've been stripped of our credit rating. And I think you're going to be real happy you put those tea party candidates in there, because now you can thank them for their stubbornness, for - we didn't get ... with much higher interest payments in everything you do.” - Washington County “I'd like to thank the people who were behind stopping the illegal immigrants from getting college tuition breaks.
NEWS
January 18, 2011
Franklin County (Pa.) Commissioner David Keller announced Tuesday he intends to seek re-election in 2011. Keller, a Republican, was first elected in November 2007. "I believe we've accomplished a lot over these past three years. I think the bottom line is this — with the help of a very capable management team and our employees, and the cooperation of our fellow elected officials and the courts, we have made very good progress in a number of key aspects of county government," Keller said in a news release.
NEWS
By LYNN LITTLE / Special to The Herald-Mail | October 2, 2009
We live in tough economic times, but many circumstances, -- including natural disasters, sudden military deployments, layoffs or furloughs, family changes, medical emergencies and divorce -- can lead to a drop in income. With some planning you can get a better handle on your finances and help reduce the stress of making ends meet with less money. The following steps will help: Try not to panic. The natural tendency is to worry and wonder how you'll make it, so try to remain calm.
NEWS
By LYNN LITTLE | June 6, 2008
Consumers with credit scores of 700 or higher typically get the best interest rates on loans. Low-scoring individuals with a credit score in the 400 to 500 range might have difficulty obtaining a loan, might be required to make a larger down payment and might have to pay a higher interest rate on their loan. Payment history, debt-to-credit ratio and the types and amounts of credit available factor into credit scoring. Your credit score changes over time to take into account current financial behavior and past debt and payment history.
NEWS
June 15, 2006
Yesterday the Maryland General Assembly began a special session aimed at curbing a 72 percent rate hike set to take place July 1 for many Baltimore Gas and Electric Co. customers. We wish the lawmakers well, but it would have been nice if those who favored power deregulation in 1999 had opened the session by owning up to their bad call. As a penance for that, it would also be good if lawmakers saw fit to allow local governments to negotiate better rates for their citizens.
NEWS
by TIM ROWLAND | October 28, 2003
You have probably heard of the Patriot Act, the post-Sept. 11 law that basically gives the federal government license to read your e-mail, search your property, listen in on your conversations, view your bank statements, read over your medical files and access any records that may be kept about you at your church - all without your knowledge or consent, without a warrant, without probable cause and without judicial review. (The gumshoes have to "ask" a judge for permission, but the judge is prohibited by law from saying no.)
NEWS
by PEPPER BALLARD | September 3, 2003
pepperb@herald-mail.com The Washington County Board of Education agreed Tuesday to ask the County Commissioners to back its plan to seek $25 million in bonds for school construction and consolidation projects. At a work session Tuesday afternoon, William Blum, the school system's chief operating officer, said that the county commissioners have asked schools officials to look into consolidating schools, but have not funded the school system's Capital Improvement Plan budget to a level that the school system can seriously look at consolidation projects.
NEWS
by MARLO BARNHART | July 11, 2003
marlob@herald-mail.com For nearly four years, Jacqueline Ballard has been working toward her dream of homeownership. On Thursday, she got a very sizable leg up on that end. "I'm this close to becoming a homeowner," Ballard said, holding two fingers slightly apart and smiling broadly as she received a check for $20,286.52 from the Hagerstown Housing Authority. Ballard, 36, has graduated from the Family Self Sufficiency Program administered by the Housing Authority since 1992.
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