TITLE

Dallas Loses Moody's Aaa After Winning Record Bond Approval

AUTHOR(S)
Williamson, Richard
PUB. DATE
June 2003
SOURCE
Bond Buyer;6/17/2003, Vol. 344 Issue 31658, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Moody's Investors Service Inc. downgraded Dallas, Texas to Aa1 a month after voters approved a record $579 million bond program. The downgrade, which directly affects a $36 million sale of certificates of obligation sale on June 27, 2003, will also apply to future general obligation bonds. The decline is Dallas's first since October 1992.
ACCESSION #
10112177

 

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