GICs give housing agencies armor against downgrades

Karchmer, Jennifer
March 1999
Bond Buyer;03/24/99, Vol. 327 Issue 30605, p8
Trade Publication
Reports on the use of guaranteed investment contracts (GICs) as investing options among state and local housing authorities for bond proceeds during acquisition periods in the United States. Effects of the use of GICs on the bond ratings of financial institutions; Level of protection offered by GICs to housing authorities.


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