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"It reflects our view that the city is now better able to weather a downturn in the economy while maintaining a budget balance," Robert A. Kurtter, a public finance analyst for Moody's, said of the upgrade.
This is a tough time to be moving up market in the consumer electronics business while at the same time weathering a downturn in the memory-chip market.
A downturn in the manufacturing sector braked the Indian economy.
Both scores remained largely unaffected by age until a downturn in the patient's late sixties.
Goldfarb insists he's diversified enough to weather a downturn in leather sales, but his custom-apparel business has stumbled a $3.8 million deal to sell clothes with Black Entertainment Television unraveled in 1999; a similar agreement with heavy-machinery maker Caterpillar is leaking money.
WASHINGTON — Brutal winter weather contributed to a downturn in job growth and other economic data, raising questions about the strength of the recovery and testing the Federal Reserve's resolve in unwinding its key bond-buying stimulus program.
As Ericsson weathers a downturn in equipment sales, it is also struggling to return its handset operations to profitability.
The deal is expected to close on Thursday and comes two weeks after federal regulators concluded from a stress test on GMAC that it needed an additional $11.5 billion in capital to weather a severe downturn in the economy.
For major companies like MGM Grand and Caesar's Entertainment, online gaming looks like a new source of revenue to help them weather a major downturn in the casino industry.
Fairfax had weathered nearly $1 billion in losses accumulated during a previous downturn in the insurance market.
WASHINGTON — The Obama administration put the nation's biggest banks on notice Monday that the government could become their biggest shareholder if regulators decide they are not strong enough to weather a deeper-than-expected downturn in the economy.
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