Fitch Lowers Houston GOs To AA-Minus

Albanese, Elizabeth
March 2005
Bond Buyer;3/7/2005, Vol. 351 Issue 32084, p1
Trade Publication
Reports that Fitch Ratings Inc. has downgraded the general obligation rating from AA to AA-minus in Houston, Texas. Basis for the downgrade of rating; Effectivity of the new law about property taxes; Statement of the rating company on the additional pressure of the law to Houston group; Disappointment by the city official about the downgrade.


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