financial turbulence
Fitch says most tollers not threatened by finance volatility, short-term
Posted Tue, 2008-03-11 22:28
Fitch Ratings say that most US toll authorities are only moderately exposed to current financial dislocations in variable and auction rate securities. They say most revenue backed securities are substantially hedged, offsetting much of the effect of jumps in rates. They say that the extent of failed auctions and rate spikes has been "unprecedented".
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