TITLE

National Benevolent Downgraded, With LOC Likely to Fall Through

AUTHOR(S)
Shields, Yvette
PUB. DATE
September 2003
SOURCE
Bond Buyer;9/5/2003, Vol. 345 Issue 31713, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that credit rating agencies Moody's Investors Service Inc. and Fitch Ratings Inc. lowered as of September 5, 2003 ratings of Saint Louis, Missouri-based National Benevolent Association (NBA) from Ba2 to B3 and left it on the negative watch list. Reasons for lowering of the rating of the company; Information on services provided by NBA; Possible implications of the failure of NBA to secure a letter of credit from KBC Bank.
ACCESSION #
10793493

 

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