A Tale of Tans and POBs

Saskal, Rich
October 2003
Bond Buyer;10/10/2003, Vol. 346 Issue 31738, p1
Trade Publication
Reports on the plan of Oregon to tap the debt markets with two back-to-back negotiated deals. Sale of a multi-million tax anticipation notes and taxable pension obligation bond issue; Reason for the downgrade; Information on the financial status of the state; Statement of Parry Young, an analyst at Standard � Poor's; Exception of the Tans from the effect of downgrade; Ratings received by Tans from the three ratings agencies; Disappointment of Randall Edwards over the issue; Move taken by the state to take advantage of low interest rates.


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