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Municipal Borrowing Gets Tougher.
- Source :
-
Wall Street Journal - Eastern Edition . 1/27/2011, Vol. 257 Issue 21, pC1-C2. 2p. - Publication Year :
- 2011
-
Abstract
- The article reports that U.S. banks are imposing tougher terms on municipalities seeking to renegotiate bond deals. Not all banks are renewing expired letters of credit, and those that are have begun charging more for them, and demanding that the recipients transfer over more of their fee-generating business.
- Subjects :
- *LETTERS of credit
*MUNICIPAL bonds
*BANKING industry
*MUNICIPAL finance
Subjects
Details
- Language :
- English
- ISSN :
- 00999660
- Volume :
- 257
- Issue :
- 21
- Database :
- Academic Search Index
- Journal :
- Wall Street Journal - Eastern Edition
- Publication Type :
- News
- Accession number :
- 57579570