Downgraded Arizona Selling School COPs

Williamson, Richard
July 2010
Bond Buyer;7/20/2010, Vol. 373 Issue 33352, p1
Trade Publication
The article reports on the plan of Arizona School Facilities Board to sell 62 million dollar certificates of participation (COP) for the recovery of state's record budget shortfall in Arizona. Randie Stein, vice president of Stone & Youngberg LLC, stated that Assured Guaranty Municipal Corp. would insure the certificates to avoid lease payment. Matthew Reining, analyst of Standard & Poor's Corp., believed the effectiveness of the approach for structural budgetary balance.


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