DRPA on Moody's Negative Watch Over Dredging Dispute

Cataldo, Adam L.
January 2006
Bond Buyer;1/27/2006, Vol. 355 Issue 32307, p44
Trade Publication
The article reports that Moody's Investors Service Inc. placed the Delaware River Port Authority (DRPA) on watch for a possible downgrade. The action was a result of an ongoing dispute at the bi-state agency over the financing of a proposed dredging project. In addition, the agency withdrew its A3 rating on the DRPA's Series 2005 revenue refunding bonds that were supposed to come to market last December 2005.


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