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Monday, March 24, 2008

San Diego (City) returns to bond market

from today's San Diego Business Journal (3/24):

Posted date: 3/24/2008

City on Road Back to Bond Market

"The city of San Diego has received an auditor’s opinion for its 2006 fiscal year, clearing the way for the city to re-enter the municipal bond market, it said March 23.

Mayor Jerry Sanders says the city plans to submit the audited financial statements to the City Council, and notify the three Wall Street credit rating agencies in hopes of securing favorable ratings and return to issuing tax-free bonds to help finance delayed capital improvement projects." ...

for the complete story

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