S&P Is Watching

DeSue, Tedra
March 2005
Bond Buyer;3/3/2005, Vol. 351 Issue 32082, p31
Trade Publication
The article informs about South Carolina's Standard & Poor's Corp. Standard & Poor's rates the agencies' debt AA-plus. The state's aid intercept program, which provides a credit enhancement for school district debt, was also put on CreditWatch. Standard & Poor's warns that such a move in the absence of another long-term revenue stream is risky considering the AAA-rated state has depleted its reserves and has yet to return to pre-recession revenue levels.


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