Harrisburg, PA will skip a Sept. 15 GO bond payment of $3.4M, choosing to use the money to...

|By:, SA News Editor

Harrisburg, PA will skip a Sept. 15 GO bond payment of $3.4M, choosing to use the money to instead keep operating. This is the second missed payment on $51.5M of GO bonds insured by Assured Guaranty (AGO +1.5%). In total, Assured has $155.2 in face value exposure to Harrisburg and has thus far paid out $8.6M in claims.