Texas Housing Deals Cut to B By S&P

July 2003
Bond Buyer;7/03/2003, Vol. 345 Issue 31670, p2
Trade Publication
Reports that U.S.-based ratings agency Standard & Poor's Corp. has downgraded revenue bonds issued by Texas Department of Housing and Community Affairs. Reason behind the downgrade in bonds rating; Impact of the downgrade in bonds rating on debt service reserve fund.


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