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Article: Fitch Rates City of Kentwood, MI's $10MM LTGO 'AA'.
- Article from:
- Business Wire
- Article date:
- September 9, 2003
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Business Editors
CHICAGO--(BUSINESS WIRE)--Sept. 9, 2003
Fitch Ratings has assigned a 'AA' rating to the City of Kentwood, MI's $10 million general obligation limited tax bonds. In addition, Fitch Ratings affirms the 'AA' rating on Kentwood Building Authority's $8.5 million outstanding building authority limited tax bonds. The Rating Outlook is Stable.
Dated the date of delivery, the bonds will sell by competitive bid on Oct. 1, 2003. The bonds mature serially each Oct. 1, 2004-2023, and pay interest each Oct. 1 and April 1, beginning April 1, 2004. Bonds maturing April 1, 2014-2023 are subject to early redemption beginning October 1, 2013. The ...