Default Puts Nebraska Section 8 Debt on Mody's Watch List

Carvlin, Elizabeth
December 2002
Bond Buyer;12/3/2002, Vol. 342 Issue 31524, p32
Trade Publication
Reports that Moody's Investors Service Inc. has placed $595,000 of outstanding 1993 multifamily housing revenue bonds issued through the Nebraska Investment Finance Authority on a watch list as a result of a possible monetary default by Yorkshire Development, a first for a Section 8 issue rated by the agency. Analysts to consider the rating issue after the default; Reasons given by the agency on the decline of the bonds.


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