TITLE

Budget, Economy Woes Prompt S&P to Drop Kentucky Rating

AUTHOR(S)
DeSue, Tedra
PUB. DATE
October 2002
SOURCE
Bond Buyer;10/10/2002, Vol. 342 Issue 31489, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports the downgrading of issuer credit rating of Kentucky by Standard and Poor's. Failure to adopt a budget into the fiscal year; Usage of one-time revenues and reserves to address shortfalls; Operation without adopted legislative budget.
ACCESSION #
7576822

 

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