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| Prospect News home > News index > List of issuers A > Headlines for Austin Convention Center Enterprises Inc. > News item |
S&P may cut Austin Convention Center bonds
Standard & Poor's said it placed the BBB- rating on $165 million series 2006A first-tier revenue bonds issued by Austin Convention Center Enterprises Inc., Texas, on CreditWatch with negative implications.
The placement reflects the bonds' ties to the ratings on XL Capital Assurance Inc., which provides the surety for the bonds and a portion of the debt service reserve fund.
S&P also affirmed its BB rating on the $95.17 million series 2006B second-tier revenue bonds. The outlook on the second-tier bonds is stable.
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