S&P lowers Conroe hotel bond rating to default after missed interest payment

S&P Global Ratings lowered the rating on a portion of the Conroe Local Government Corp.’s hotel debt to “D” after the CLGC was delinquent on an April 1 interest payment tied to its series 2021B second-lien hotel revenue bonds, according to an April 16 S&P report.
By: communityimpact.com








