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Article: Fitch Rates $57.7MM Rhode Island Convention Center Auth Rfdg Revs 'AA-' Underlying.
- Article from:
- Business Wire
- Article date:
- June 20, 2003
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Business Editors
NEW YORK--(BUSINESS WIRE)--June 20, 2003
Fitch Ratings assigns an underlying 'AA-' rating to the Rhode Island Convention Center Authority's $57,710,000 refunding revenue bonds 2003, series A.
The bonds are expected to be insured by FSA, whose financial strength is rated 'AAA' by Fitch. The new bonds are expected for negotiation June 23 through UBS Financial Services Inc. and Carolan & Co., and will be due May 15, 2016-20; optional call details are yet to be determined. The bonds will be subject to special mandatory redemption at par at any time from sale of the project or proceeds from insurance or condemnation awards not ...