S&P Negative on UMH

Cataldo, Adam L.
July 2006
Bond Buyer;7/24/2006, Vol. 357 Issue 32429, p33
Trade Publication
The article reports on Standard & Poor's Corp.'s updating of its outlook to negative from stable on United Methodist Homes of New Jersey's 92.5 million dollars of outstanding debt. The bond are rating BB-plus which is below investment grade. The bond were issued by New Jersey Economic Development Authority on behalf of United Methodist Homes.


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