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Article: Fitch Rates Bay City, Michigan's $6MM LTGOs 'A+'.
- Article from:
- Business Wire
- Article date:
- September 21, 2005
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Copyright informationCOPYRIGHT 2005 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 assigns an 'A+' rating to Bay City, MI's (the city) $6 million limited tax general obligation bonds, series 2005, scheduled for sale on Sept. 22 via negotiation led by Robert W. Baird & Co. The Rating Outlook is Stable. The bonds are secured by the city's limited tax general obligation pledge. Proceeds will finance capital improvements related to the city's sanitary sewer system. Fitch also affirms the 'A+' rating on the city's outstanding limited tax general obligation bonds.
The 'A+' rating reflects a growing economic base that is shifting from durable manufacturing to healthcare and other services. Although the city has expanded through ...
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