Benedict Debt Downgrade

DeSue, Tedra
July 2006
Bond Buyer;7/20/2006, Vol. 357 Issue 32427, p35
Trade Publication
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.


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