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Article: Fitch Rates Washtenaw County, MI's $9MM LTGO Tax Notes 'F1+'.
- Article from:
- Business Wire
- Article date:
- June 16, 2003
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Business Editors
CHICAGO--(BUSINESS WIRE)--June 16, 2003
Fitch Ratings has assigned an 'F1+' rating to Washtenaw County, MI's $9,000,000 general obligation limited tax notes, series 2003 taxable obligations (the notes). The notes are scheduled to sell on a negotiated basis on June 17 through Comerica Securities. Dated the day of sale, the notes will mature on March 11, 2004 and will not be subject to redemption prior to maturity.
The 'F1+' rating, which is of the highest short-term credit quality, reflects the strong coverage of expected note repayment resources and ample liquidity derived from the county's general fund pledge and the ...