TITLE

S&P Goes Negative on Texas City After Wyoming Yanks Prisoners

AUTHOR(S)
Albanese, Elizabeth
PUB. DATE
July 2006
SOURCE
Bond Buyer;7/11/2006, Vol. 357 Issue 34220, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Standard and Poor's placed its BB rating for Littlefield, Texas on negative Credit Watch after Wyoming opted to move prisoners out of a detention center owned by Littlefield. This will affect the outstanding debt from $9.9 million of Series 2001 refunding certificates of obligation and $1.265 million of Series 2000 certificates of obligation.
ACCESSION #
21580310

 

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