Laclede Steel bonds stay on CreditWatch

Shields, Yvette
February 1999
Bond Buyer;02/26/99, Vol. 327 Issue 30587, p2
Trade Publication
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.


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