TITLE

Fitch Downgrades N.J. School Enhancement Program

AUTHOR(S)
Braun, Martin Z.
PUB. DATE
July 2003
SOURCE
Bond Buyer;7/22/2003, Vol. 345 Issue 31682, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that rating agency Fitch Ratings Inc. has downgraded $6.4 billion in local school debt secured by New Jersey's School Credit Enhancement Program School Bond Reserve. Reasons given by the agency for downgrading; Impact of downgrading on school districts; Decline in balance of the reserve between the end of fiscal 2000 and fiscal 2002.
ACCESSION #
10333191

 

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