Citizens Property Insurance’s Failure to Sell Entire High-Risk Account Bond Issue Prompts Moody’s Rating Withdrawal
Moody's Investors Service ("Moody's") advised on July 7, 2010 that it has withdrawn its rating on Citizens Property Insurance Corporation's ("Citizens") Senior Secured Bonds Series 2010A-4 Federally Taxable (LIBOR Floating Rate Notes), inasmuch as Citizens had planned to issue four sub-series of bonds, but ended up issuing only three. The A-4 bonds were therefore not [...]