More of our highlights from a News-Press forum on the subject of Water utilities in Cape Coral…
The reserve covenants (on the $310 Million in water bonds) are in violation, triggering bond rating downgrades, thus raising the yield & payments.
The city will be hard pressed to find any financing to roll over the debt, especially after California defaults in July.
COVID19: Same Bat Channel?
4 years ago
Posts
No comments:
Post a Comment