Methodologies

Fitch Rates SMUD's $510MM Series U Elec Refg Revs 'A'; Outlook to Stable (Centre Daily Times)

17 May 2008

Fitch assigns an underlying 'A' rating to Sacramento Municipal Utility District's (SMUD or the district) approximately $510 million, 2008 series U electric revenue refunding bonds (senior lien). Fitch also affirms SMUD's $1.5 billion parity electric revenue bonds and $431.4 million subordinated electric revenue bonds at 'A'. The Rating Outlook is revised from Positive to Stable. The Rating ...

Fitch Withdraws Calamos Global Total Return Fund's Preferred Stock Rating (Centre Daily Times)

17 May 2008

Fitch Ratings has withdrawn the 'AAA' rating on Calamos Global Total Return Fund's 2,360 series T of auction rate preferred stock (ARPS).

Verification: The electronic industry's smoking gun? (Electronics Supply and Manufacturing)

17 May 2008

Electronic company executives are writing $1,000,000 checks for the unpredicted expense of device respins in the event of an undiscovered bug, and not getting fired.