Seattle Port Issue Lowered

Cohen, Jackie
February 2006
Bond Buyer;2/10/2006, Vol. 355 Issue 32317, p31
Trade Publication
The article reports that the Port of Seattle's Series 1997 subordinate-lien revenue bonds were downgraded by Moody's Investors Service Inc. to Aa3/VMIG with a stable outlook from Aa2/VMIG-1 in Washington. The rating review affects $109 million of bonds and is the result of a change in the letter of credit provider to Fortis Bank from Bank of New York.


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