Media Advisory
REVISED please note time
January 13, 2010
Trenton, NJ
League Seminar to Tackle Bond Ratings
Recently, it was reported that bond ratings of New Jersey towns and cities are being reduced faster than in any other state. Pair this with a new Administration coming in and many municipalities are concerned about their financial futures. The League of Municipalities has scheduled a program which will discuss what towns and other governmental units can expect from the rating agencies selling bonds during 2010.
William Dressel, Executive Director of the League says: “This is perhaps our most timely upcoming program, given the serious fiscal problems facing New Jersey municipalities and other governmental units in our State. Credit ratings directly impact on the cost of borrowing. It is essential that each issuer obtain the very best credit ratings available when they enter the bond market. This program will help them to achieve this goal.”
We invite you to join the New Jersey State League of Municipalities on February 2, 2010, 8:30 a.m. to noon at the Meyner Reception Center in Holmdel, NJ for the Professional Development Seminar “Are New Jersey Bond Credit Ratings Heading South?” featuring John L. Kraft, Bond Counsel Lomurro, Davison, Eastman & Munoz, P.A. as moderator and speakers:
- Joe Mysak, Columnist , Bloomberg News
- Ann G. Flynn, Senior Director, Fitch Ratings
- Dennis J. Enright, Underwriter, NW Capital Markets Inc
- Elizabeth Bergman, AVP Public Finance, Moody’s Investors Service
- David B. Thompson, Financial Advisor, Phoenix Advisors, LLC
- Karl Jacob, Senior Director, Standard & Poor’s Rating Services
For more information please contact Danielle Holland, Program Specialist at (609) 695-3481 ext. 118.
