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Standard Poor Corp

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BUSINESS
November 18, 1988 | GEORGE WHITE, Times Staff Writer
Stock and bond rating service Standard & Poor's said Thursday that it will scrutinize Pacific Enterprise's operations and financial plans to determine whether the investment rating of the company's bonds and preferred stock should be lowered. The Los Angeles-based firm--a diversified holding company that owns Southern California Gas Co., the Thrifty drugstore chain and oil and gas operations--has about $2.5 billion of consolidated debt and preferred stock outstanding, according to S&P.
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NEWS
June 12, 1996 | DAVAN MAHARAJ and MATT LAIT and DEBORA VRANA, TIMES STAFF WRITERS
Broadening a campaign to recover the investment losses that drove it into bankruptcy, Orange County filed five new lawsuits Tuesday, demanding millions in damages from its former bond lawyers, a Wall Street ratings firm and even the federally chartered agency that sells student loans. Attorneys representing the county filed the suits in U.S. Bankruptcy Court here on the eve of the county's emergence from the worst municipal bankruptcy in the nation's history.
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NEWS
June 12, 1996 | DAVAN MAHARAJ and MATT LAIT and DEBORA VRANA, TIMES STAFF WRITERS
Broadening a campaign to recover the investment losses that drove it into bankruptcy, Orange County filed five new lawsuits Tuesday, demanding millions in damages from its former bond lawyers, a Wall Street ratings firm and even the federally chartered agency that sells student loans. Attorneys representing the county filed the suits in U.S. Bankruptcy Court here on the eve of the county's emergence from the worst municipal bankruptcy in the nation's history.
BUSINESS
November 18, 1988 | GEORGE WHITE, Times Staff Writer
Stock and bond rating service Standard & Poor's said Thursday that it will scrutinize Pacific Enterprise's operations and financial plans to determine whether the investment rating of the company's bonds and preferred stock should be lowered. The Los Angeles-based firm--a diversified holding company that owns Southern California Gas Co., the Thrifty drugstore chain and oil and gas operations--has about $2.5 billion of consolidated debt and preferred stock outstanding, according to S&P.
BUSINESS
April 19, 1994 | From Times Staff and Wire Reports
Standard & Poor's Corp. downgraded $3.7 billion of Kmart Corp. debt amid concerns that Kmart's profit will remain weak despite efforts to regain its position as the leading discount retailer.
BUSINESS
February 5, 1996 | Times Staff and Wire Reports
Moody's Cuts Kmart Debt Cut to Junk Status: Moody's Investors Service cited the discount retailer's lessened financial flexibility and the challenge it faces in retrenching in a difficult retail environment. The change involves $6.8 billion in debt. Standard & Poor's Corp. and Duff & Phelps have also cut Troy, Mich.-based Kmart Corp.'s debt to junk status.
BUSINESS
November 3, 1992 | TOM PETRUNO
Dividends continue to recover strongly from last year's slump, Standard & Poor's Corp. reported Monday. A total of 120 companies boosted cash dividend payments to shareholders in October, up 18% from 102 a year earlier. Meanwhile, the number of companies cutting or omitting dividends plunged to 16 in October, down 57% from a year earlier.
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