Houston Hits Market After Negative Outlook

Albanese, Elizabeth
March 2006
Bond Buyer;3/7/2006, Vol. 355 Issue 32333, p1
Trade Publication
The article reports on the 91.5 million dollars debt offering of Houston after receiving a negative double A rating from Fitch Ratings. It cites the two conflicting amendments to the city's charter that limit revenue collected by the city yearly. The city is still undecided on the bids for insurance it has received and Morgan Stanley will be the lead manager for the transaction.


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