TITLE

California Retirement System's LOC Enterprise Welcomed With Open Arms

AUTHOR(S)
Walker, Susanne
PUB. DATE
February 2003
SOURCE
Bond Buyer;2/13/2003, Vol. 343 Issue 31572, p29
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on plans of the California Public Employees' Retirement System to offer 5 billion dollars in letters of credit to municipal bond issuers. Use of the initiative to build a consortium of public pension funds; Reasons behind the acceptance of any new guarantors in the credit enhancement market by money market funds; Purpose of the credit enhancement market's need of insurance and letters of credit providers.
ACCESSION #
9170189

 

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