TITLE

Escrowed School Debt's Aaa

AUTHOR(S)
Cohen, Jackie
PUB. DATE
February 2006
SOURCE
Bond Buyer;2/3/2006, Vol. 355 Issue 32312, p31
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on that Moody's Investors Service has assigned a #Aaa rating to the bonds sold by the San Jose Unified School District in California. The agency cites the ability of the school district to refund in 2005 and the investment of proceeds in Treasury securities. Moody's analyst Gregory W. Lipitz explains that the school district has requested the agency to rate the refunded issuance because the bonds have been defeased.
ACCESSION #
19752335

 

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