TITLE

First to sell transit garvees, New Jersey receives single-A from S&P

AUTHOR(S)
Kinnander, Ola
PUB. DATE
March 1999
SOURCE
Bond Buyer;03/22/99, Vol. 327 Issue 30603, p23
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Focuses on New Jersey Transit Corp.'s mass transit bond sale backed by future federal grants. Sale of the bonds on March 24, 1999; Use of the proceeds to buy new buses; Standard & Poor's' rating for the bonds; Mixed reviews received by the bond sale; New Jersey as the first state to sell grant anticipation debt for transit.
ACCESSION #
1682040

 

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