TITLE

Moody's Rates Most of Baltimore Deal Non-Junk

AUTHOR(S)
Ackerman, Andrew
PUB. DATE
January 2006
SOURCE
Bond Buyer;1/25/2006, Vol. 355 Issue 32305, p32
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that Moody's Investors Service Inc. has issued ratings for Baltimore's forthcoming negotiated sale of $300 million in tax-exempt revenue bonds. Moody's awarded a Baa3 rating to the larger series of $247.5 million, which is its lowest investment-grade rating. Chief of treasury management, Stanley Milesky said that he is happy that the city had secured an investment-grade rating for the bulk of the deal.
ACCESSION #
19724592

 

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