TITLE

Fitch Drops $869M of Memphis GOs to AA-Minus from AA

AUTHOR(S)
Sigo, Shelly
PUB. DATE
October 2004
SOURCE
Bond Buyer;10/14/2004, Vol. 350 Issue 31989, p36
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that Fitch Ratings Inc. has downgraded the outstanding general obligations bonds of Memphis, Tennessee. Weakening in financial operations of the bonds; Overall debt of the city; Actions taken by Memphis officials to improve interim reporting and long-term planning.
ACCESSION #
14762609

 

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