Lake County View

Carvlin, Elizabeth
December 2004
Bond Buyer;12/8/2004, Vol. 350 Issue 32025, p37
Trade Publication
The article focuses on Standard & Poor's Corp. which removed the Lake County Public Library from Credit-Watch after receiving sufficient evidence of the credit's liquidity. The agency affirmed the underlying A rating for the library's $30 million of outstanding general obligation bonds and assigned a stable outlook. The library was placed on Credit Watch along with all other Lake County municipalities in May 2004. The agency took that action after the a Lake County Superior Court judge stopped the county from distributing tax bills when it found the county's property reassessment unconstitutional.


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