5188-S2 AMS SHOR S1592.1
2SSB 5188 - S AMD 389
By Senator Short
NOT ADOPTED 03/05/2021
On page 11, line 20, after "(3)" insert "The cooperative shall not issue any bonds with a rating less than AA by Standard & Poor's or the equivalent rating from another major credit ratings agency.
Renumber the remaining subsections consecutively and correct any internal references accordingly.
EFFECT: Requires bonds issued by the cooperative to be rated no less than AA by Standard & Poor's.
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