Standard & Poor's Downgrades South Carolina Toll Road Bonds to Junk

DeSue, Tedra
January 2003
Bond Buyer;1/10/2003, Vol. 343 Issue 31550, p36
Trade Publication
Reports that several million dollars of bonds issued by the Connector 2000 Association Inc. in South Carolina in 1998 for a toll road in Greenville County have been downgraded to junk status by ratings company Standard & Poor's Corp. as of January 2003. Reasons for the downgradation; Ratings awarded to the association; Reaction of the bond counsel for the association to the downgrade.


Related Articles

  • TOP 1O E-Mailed Stories.  // Bond Buyer;7/6/2010, Vol. 373 Issue 33344, p30 

    The article offers information on the top 10 electronic mailed stories which includes the payments that cigarette manufacturers has to make which poses setback to the tobacco bonds, filing of bankruptcy by the Connector 2000 Association Inc. to the South Carolina toll road, and the extension to...

  • Toll Road Is the First P3 Default in South Carolina. Temple-West, Patrick // Investment Dealers' Digest;1/15/2010, Vol. 76 Issue 2, p12 

    The article reports on the postponement of the 200 million dollars toll revenue bonds by the Connector 2000 Association Inc. for the road in Greenville County, South Carolina.

  • Bankrupt S.C. Toll Road Set to Start Bond Exchange. Sigo, Shelly // Bond Buyer;4/26/2011, Vol. 376 Issue 33506, p3 

    The article reports on the forecasts that Connector 2000 Association Inc. will start the exchange of restructured bonds as part of the Carolina toll road operator's bankruptcy plan in Bradenton, Florida.

  • South Carolina Connector's Day in Court. Temple-West, Patrick // Bond Buyer;3/28/2011, Vol. 375 Issue 33489, p1 

    The article reports on the move of bankruptcy judge David Duncan to consider restructuring plan for the Connector 2000 Association Inc., the bankrupt toll road operator of South Carolina.

  • South Carolina Toll Road's Traffic Has Analysts Worried About Debt. DeSue, Tedra // Bond Buyer;5/9/2002, Vol. 340 Issue 31383, p1 

    Focuses on the accountabilities of the Connector 2000 Association Inc. Settlement of debts; Details on the total bonds issued for building toll roads; Impact of recessions in the business industry.

  • IN BRIEF.  // Bond Buyer;11/23/2009, Vol. 370 Issue 33221, p2 

    The article offers news briefs related to securities ratings in the U.S. Standard & Poor's Corp. (S&P) has lowered the rating of Connector 2000 Association Inc.'s bonds from CC to C due to payment default on the senior-lien bonds. The rating for the New Hampshire Health and Educational...

  • South Carolina Toll Road Bondholders File Claim. Temple-West, Patrick // Bond Buyer;9/20/2010, Vol. 373 Issue 33385, p5 

    The article reports that the South Carolina Department of Transportation (SCDOT) has challenged the Connector 2000 Association Inc. to file for Chapter 9 bankruptcy of which the association does not meet the requirements of a municipality.

  • Judge Approves S.C. Toll Road Reorganization.  // Bond Buyer;3/29/2011, Vol. 375 Issue 33490, p4 

    The article reports on the decision of Judge David R. Duncan to approve the restructuring and reorganization of the debt of the Connector 2000 Association Inc., a toll road operator in Greenville, South Carolina.

  • Nonprofit S.C. Toll Road Operator in Default Seeks Restructuring, New Partner. Sigo, Shelly // Bond Buyer;5/13/2008, Vol. 364 Issue 32877, p3 

    The article reports on the traffic and revenue study conducted by Connector 2000 Association Inc., a nonprofit operator of a toll road in South Carolina, to determine if it can achieve an investment-grade rating for restructured debt in South Carolina. The operator asked six firms for...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics