TITLE

Charlotte, N.C., to Sell Strongly Rated Utility Debt Tomorrow

AUTHOR(S)
DeSue, Tedra
PUB. DATE
October 2004
SOURCE
Bond Buyer;10/13/2004, Vol. 350 Issue 31988, p32
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article highlights that Charlotte, North Carolina will sell some strongly rated utility debt at a $53.3 million storm water bond offering. Scott Greer, the debt manager for the city, said the last new money storm water fee issue from the city was in 2000 and there will likely not be another new money deal until 2006. The city implements timely rate increases, which also bodes well for the financial health of the system because they are expected to help keep the city's storm water fee debt manageable as its borrowing increases.
ACCESSION #
14718415

 

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