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As the markets tightened, Sallie Mae found itself unable to issue commercial paper to cover some of its debt.
Meanwhile corporate borrowers have found it hard to issue commercial paper, as money-market funds have fled from all but the safest assets.
Moody's Investors Service reduced the credit rating of AT&T yesterday to a level that may make it more difficult for the telephone company to issue commercial paper.
[C2.] Moody's Cut AT&T's Credit Rating Moody's Investors Service reduced AT&T's credit rating to a level that may make it more difficult to issue commercial paper.
The credit, along with a $450 million five-year line maturing in 2003, acted as backup in case the company could not issue commercial paper.
The finance minister, Aleksei L. Kudrin, said Russia needed to issue commercial debt despite that surplus because economic stimulus spending would result in budget deficits.
Similar(49)
In a March 14 e-mail message, Mr. Gore had challenged Gov. George W. Bush to a bilateral ban on the use of soft money to pay for issue commercials.
Specifically, Mr. Gore said in his message that he had instructed the Democratic National Committee not to spend a cent of soft money for issue commercials against the Republicans unless the Republicans did so first.
It cannot be just a standard-issue commercial real estate deal or we will not be living up to the expectations of the world".
The anticipated expiration dates for the Term Asset-Backed Securities Loan Facility remains set at June 30 for loans backed by new-issue commercial mortgage-backed securities and March 31 for loans backed by all other types of collateral.
Commerce doesn't raise money for loans by issuing commercial paper.
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CEO of Professional Science Editing for Scientists @ prosciediting.com