TITLE

Rhode Island Erases $697 Million Debt; Successful DEPCO to Close Shop

AUTHOR(S)
Higginbotham, Stacey
PUB. DATE
August 2000
SOURCE
Bond Buyer;08/16/2000, Vol. 333 Issue 30955, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that Rhode Island's Depositors Economic Protection Corp. (DEPCO) has paid off its debt, 20 years early. Strong economic conditions in Rhode Island; Financial crisis experienced by Rhode Island in 1990; Creation of DEPCO to mitigate any concerns from ratings agencies.
ACCESSION #
3472869

 

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