Fitch: Kelo Backlash Could Affect Municipal Credit Quality

Saskal, Rich
March 2006
Bond Buyer;3/1/2006, Vol. 355 Issue 32329, p6
Trade Publication
The article reports on the impact of the United States Supreme Court's decision in "Kelo v. New London" on municipal credit quality. According to Fitch Ratings' special report released February 28, 2006, the ruling may end up restraining or negatively affecting municipal credit quality. The ruling in the "Kelo" case has affirmed the ability of governments to condemn land for economic development purposes.


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