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Article: Fitch Rates M-NCPPC Bonds Guaranteed by Montgomery County, MD 'AAA'.
- Article from:
- Business Wire
- Article date:
- November 15, 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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WASHINGTON -- Fitch Ratings assigns an 'AAA' rating to Maryland-National Capital Park and Planning Commission (M-NCPPC), MD's $4 million Montgomery County park acquisition and development general obligation (GO) bonds, series FF-2 and $2 million Montgomery County advance land acquisition GO bonds of 2004. The bonds are expected to sell competitively on Nov. 18. Fitch also affirms the 'AAA' on $33.6 million in outstanding GO bonds guaranteed by Montgomery County. The Rating Outlook is Stable.
The 'AAA' rating is based on the full faith and credit pledge of the M-NCPPC and the unlimited ad valorem tax guarantee of Montgomery County. The rating applies to bonds ...