S&P Puts $1.9 Million of AAA-Rated LA. Mortgage Bonds on Negative Watch

Saskal, Rich
November 2004
Bond Buyer;11/24/2004, Vol. 350 Issue 32017, p4
Trade Publication
Reports that Standard & Poor's Corp. has placed multimillion dollars of outstanding gilt-edged Los Angeles mortgage revenue bonds on CreditWatch with negative implications in San Francisco. Assessment on the status of the AAA-rated bonds; Evaluation of the outstanding bonds; Issuance of bonds to finance mortgages for a first-time homebuyer program.


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