TITLE

Transit Downgrade

AUTHOR(S)
Williams, Rochelle
PUB. DATE
September 2003
SOURCE
Bond Buyer;9/5/2003, Vol. 345 Issue 31713, p39
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that Fitch Ratings Inc. lowered its rating as of September for bonds sold by the Santa Clara Valley Transportation Authority from AA to A-plus as of September 5, 2003. Reasons given by Fitch for downgrading the rating of bonds issued by the Transportation Authority; Impact of lowering of the ratings on the Transport Authority; Assertion of management analyst for Santa Clara Valley Transportation Authority Kimberly Koenig that decline in sales tax revenues have negatively impacted operations of the organization.
ACCESSION #
10793513

 

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