Posts Tagged ‘interest rate swaps’

Jefferson County, AL Can’t Make $636 million Debt Payment

Wednesday, February 25, 2009 8:04 2 Comments

Alabama’s Jefferson County is unable to make a $636 million sewer debt payment due Friday. The county will hold an emergency meeting to vote on an extension request which they hope will buy some time.
The county was recently downgraded by the ratings agencies which resulted in accelerated principal and interest payments due to banks.  The [...]

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