S&P Downgrades Buffalo, N.Y., Water Authority a Week Before Trip to Market

McKaig, Ryan
October 2002
Bond Buyer;10/8/2002, Vol. 342 Issue 31487, p4
Trade Publication
Focuses on the decision of Standard and Poor's to downgrade the credit rating of Municipal Water Finance Authority in Buffalo, New York. Effect of the decline on outstanding water authority bonds; Concern on the weakening finances and diminished reserve levels of the company; Impact of the downgrade on new money bonds.


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