Moody's Downgrades Omaha Section 8 Development

Carvlin, Elizabeth
December 2002
Bond Buyer;12/18/2002, Vol. 342 Issue 31535, p7
Trade Publication
Reports on the downgrading of ratings by Moody's Investors Service Inc. on $595,000 of outstanding housing debt issued through the Nebraska Investment Finance Authority (NIFA) for Yorkshire Development Project, which failed to make a principal and interest payment in October 2002. Notice issued by Minnesota-based trustee Wells Fargo Bank regarding default of the developers; Lack of impact of downgrading on NIFA.


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