TITLE

San Jose Agency Deal

AUTHOR(S)
Kelemen, Jasmina
PUB. DATE
January 2005
SOURCE
Bond Buyer;1/28/2005, Vol. 351 Issue 32059, p37
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Fitch Ratings Inc., has assigned AA ratings and a stable outlook to the San Jose Financing Authority lease revenue bonds. The rating covers two series of bonds: $54.8 million of taxable debt and $25.7 million that is subject to the alternative minimum tax. Lehman Brothers and J.P. Morgan Securities Inc. will underwrite the bonds, which will be insured by XL Capital Assurance Inc. The rating reflects the city's solid fundamentals despite a sustained regional recession and tax revenue losses, as well as the project's strong lease structure.
ACCESSION #
15862679

 

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