TITLE

S&P: IRS Audits Won't Hurt FHLB-Backed Bonds

AUTHOR(S)
Duff, Susanna
PUB. DATE
April 2003
SOURCE
Bond Buyer;4/10/2003, Vol. 344 Issue 31612, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that the Internal Revenue Service's audits of industrial development bonds supported by Federal Home Loan Banks' standby letters of credit will not pose a threat to the current ratings on the bonds as of April 10, 2003. Management of the ratings by Standard & Poor rating company; Criteria for including non-housing bond issue for tax-exemption.
ACCESSION #
9594017

 

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