TITLE

S&P Analyst: Highway Funding Law Failures Highlight Garvee Weaknesses

AUTHOR(S)
Sanchez, Humberto
PUB. DATE
May 2004
SOURCE
Bond Buyer;5/6/2004, Vol. 348 Issue 31878, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Suggests that the U.S. Congress' failure to rewrite and approve a six-year bill governing the nation's highway and transit construction programs "highlights a key credit weakness" of ratings on grant anticipation revenue vehicles, according to Standard & Poor's transportation analyst Kurt Forsgren. Expiration of the Transportation Equity Act for the 21st Century (TEA-21) in October 2003; Extension of the Act through June 30, 2004; Key provisions of TEA-21.
ACCESSION #
13050851

 

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