Ratings

Burbank received a “AAA” credit rating this month from Standard & Poor’s, which cited the city’s “strong local economy and steady tax base growth.” City officials were pleased with the score, which is the highest...

Following weeks of closed-door meetings, the Burbank City Council on Tuesday unanimously appointed Santa Clarita City Manager Ken Pulskamp as Burbank's interim city manager. He's slated to start on Dec. 3. The announcement follows City Manager Mike...

The withdrawal of American Airlines from Bob Hope Airport is more than just another bump in the road for the regional airfield. __________________________________ FOR THE RECORD: This editorial incorrectly stated the number of passengers the Bob Hope...

Regarding your article in the Burbank Leader on June 4, “Airport gets credit rating warning,” yes, the people of Glendale, Burbank, and Pasadena should be very concerned about the rating that has just come out by Fitch — that gives the...

The decision by American Airlines to pull out of Bob Hope Airport might further harm an airfield that has been grappling with a yearlong slide in passenger numbers, which gained the notice of an important credit rating agency. American, which made up 7....

Credit rating agency Fitch said Thursday that it might downgrade the Burbank-Glendale-Pasadena Airport Authority after it gets a clearer picture of the airfield’s financial standing later this year. Fitch has already put the airport authority on...

Q: What is a "hard money" loan? A: Technically, it is a loan that is given in exchange for money, rather than to assist a consumer in buying a house. The latter would be called a "purchase money" mortgage. Hard-money lenders do not rely on the...

Allentown's recently approved water and sewer lease is "credit positive" for the city, according to a news release from Moody's Investors Service. A "credit positive" label indicates that the lease will have a positive financial impact on the city...

The Markham Roller Rink was past its prime. The clout-heavy owner struggled to make money and failed to make needed repairs, records show. The rink's appraised market value sat at about half a million dollars — and that was before the real...

Re. "Commentary: What is Mesa Water up to?" (March 27): This wink-and-nod commentary lacks logic and legitimacy. First, the writer, Jay B. Litvak, opens with negative comments about the Costa Mesa City Council, pink slips, union battles and a city...

LANSING, Mich. (AP) — Two rating agencies have upgraded their outlook for Michigan. Fitch Ratings on Monday upgraded the state's general obligation credit rating to AA, the first time Fitch has rated Michigan above AA- since 2007. Standard and...

A bill that would allow insurance companies to consider someone's credit rating without consent when renewing policies will get a public hearing later Tuesday. Currently, insurance companies can only use credit scores when issuing news policies. They...