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Article: Fitch Affirms Battle Creek, MI's Limited Tax GO Bonds at 'AA-'.
- Article from:
- Business Wire
- Article date:
- June 29, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO -- Fitch Ratings affirms the 'AA-' rating for both the City of Battle Creek, Michigan's $2.8 million of outstanding limited tax general obligation bonds and the Battle Creek Building Authority, Michigan's $25.7 million of outstanding building authority bonds, which represent limited tax general obligations of the city. The Rating Outlook is Stable. The city anticipates the sale of approximately $60,000,000 taxable downtown development refunding bonds, series 2004 (limited tax general obligation), variable-rate demand bonds in late July or early August through a syndicate led by Oppenheimer and Co. Fitch expects to assign short-term and insured ratings for the ...