Manhattan Beach, Calif., Pricing COPs After Receiving Its Third Triple-A

Saskal, Rich
October 2004
Bond Buyer;10/27/2004, Vol. 350 Issue 31998, p4
Trade Publication
The article presents information about financial crisis in various business enterprises. Fresh from receiving its third gilt-edged issuer rating this week, Manhattan Beach, California prices increased to $13 million in certificates of participation today. Many California cities are cutting back in the wake of a state budget crisis that has led state government to raid local revenue sources. Manhattan Beach's finance director, Bruce Moe, said the city has built up its reserves with decades of budget surpluses.


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