Meaning Of Ratings For Municipal Bonds Headlines

More testimony in Mamtek case scheduled Jan. 19

A Missouri House committee’s hearing into the failed Mamtek project will continue next week, with Mamtek’s patent attorney Michael Wise, site selection consultant Tom Smith and representatives from credit ratings agency Standard & Poor’s scheduled to testify.  

CREDIT MARKETS: 'Risk On' Aids Corporates, Lifts Safe-Haven Yields

DOW JONES NEWSWIRES

Markel Reports 2011 Financial Results

RICHMOND, Va., Feb. 1, 2012 /PRNewswire/ -- Markel Corporation (NYSE: MKL - News) reported diluted net income per share of $14.60 for the year ended December 31, 2011 compared to $27.27 in 2010.  The 2011 combined ...

First BanCorp Reports Financial Results for the Quarter and Year Ended December 31, 2011

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico (“FirstBank” or “the Bank”), today reported a net loss of $14.8 million for the fourth quarter of 2011, compared to a net loss of $24.0 million for the third quarter of 2011 and a net loss of $251.4 million for the fourth quarter of 2010. For the year ended ...

Longest Rally Means Selling Worst-Rated Puerto Rico: Muni Credit - San Francisco Chronicle

Longest Rally Means Selling Worst-Rated Puerto Rico: Muni Credit San Francisco Chronicle 20 (Bloomberg) -- The longest rally in high-yield municipal bonds in five years may give investors a reason to sell debt issued by Puerto Rico, whose pension finances, indebtedness and credit rating are worse than any US state.