TITLE

Illinois authority may miss debt payment

AUTHOR(S)
Shields, Yvette
PUB. DATE
January 1999
SOURCE
Bond Buyer;01/29/99, Vol. 327 Issue 30568, p42
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on efforts by the Southwestern Illinois Development Authority to ensure that a debt-service payment due on February 1, 1999 on bonds issued for LaClede Steel Co. is made on time. Standard & Poor's placement of the bonds on negative CreditWatch; Bankruptcy court ruling freezing the company's assets.
ACCESSION #
1520659

 

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