Moody's, S&P may downgrade Connecticut authority's IDBs

Kaplan, David
March 1999
Bond Buyer;03/16/99, Vol. 327 Issue 30599, p32
Trade Publication
Reports that Moody's Investors Service and Standard & Poor's are considering downgrading the industrial development bonds issued by the Connecticut Resources Recovery Authority. Corporate credit bonds backed by a parent guarantee from American Ref-Fuel, owned by Browning-Ferris Industries and Duke Capital; Potential downgrade in wake of Allied Waste North America's leveraged buyout of Browning-Ferris.


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