New York City Takes Two-Party Approach to Jay St. Development

McKaig, Ryan
May 2001
Bond Buyer;05/08/2001, Vol. 336 Issue 31134, p1
Trade Publication
Reports the use of a 'two-party pay system' for the Jay Street deal in New York City. Use for separately rated entities; Influence of letters of credit in bond rating; Generation of higher ratings to bonds with dual guarantors.


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