TITLE

Benedict Debt Downgrade

AUTHOR(S)
DeSue, Tedra
PUB. DATE
July 2006
SOURCE
Bond Buyer;7/20/2006, Vol. 357 Issue 32427, p35
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the downgrade of Moody's Investors Service Inc. credit rating in South Carolina. According to the report, the rating has been based on continued declines in enrollment since 2002, two fiscal years of deficit operating margins, thin unrestricted cash, and increased borrowing without any offsetting financial resource growth.
ACCESSION #
21784055

 

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