Texas County Lowered After It Disregards Detention Facility Debt

Albanese, Elizabeth
September 2004
Bond Buyer;9/30/2004, Vol. 349 Issue 31980, p44
Trade Publication
Reports that Standard & Poor's Corp. has downgraded its rating on a Texas juvenile detention center after Kerr County officials decided not to appropriate funds for debt service of operating costs for the facility. Consideration of the county as accountable for the debt by Standard & Poor's; Statement of Robert Henderson, managing director at RBC Dain Rauscher Inc., regarding the ratings; Fund balance of the facility.


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