Calif. Woes Prompt De-Leveraging by Tender-Option Bond Programs

Fine, Jacob
May 2001
Bond Buyer;05/09/2001, Vol. 336 Issue 31135, p6
Trade Publication
Reports on the deleveraging of tender-option bond programs prior to the rating agency downgrade in California. Possibility of liquidating the money market funds and other short-term financing programs; Decrease of the rating on the state made by the Standards & Poor's; Reactions of the market to the situation.


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