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

Duff, Susanna
April 2003
Bond Buyer;4/10/2003, Vol. 344 Issue 31612, p5
Trade Publication
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.


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