TITLE

Laclede Steel bonds stay on CreditWatch

AUTHOR(S)
Shields, Yvette
PUB. DATE
February 1999
SOURCE
Bond Buyer;02/26/99, Vol. 327 Issue 30587, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the maintenance of Illinois' moral obligation bonds on negative CreditWatch until the state legislature approves fund to replenish the debt-service reserve fund used to cover payment for Laclede Steel Co.'s plant. Appropriation in the state's budget proposal to restore the funds; Court's decision on a trustee's plans to tap the reserve.
ACCESSION #
1602934

 

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