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Article: Fitch Rates Washtenaw County, MI's $12MM LTGO Tax Notes 'F1+'.
- Article from:
- Business Wire
- Article date:
- May 22, 2006
CopyrightCOPYRIGHT 2006 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 has assigned an 'F1+' rating to Washtenaw County, Michigan's $12,000,000 general obligation (GO) limited tax notes, series 2006 taxable obligations. The treasurer has scheduled the note closing for May 25, 2006 via negotiation through Comerica Securities. The notes will mature on Feb. 15, 2007 and will not be subject to redemption prior to maturity. The notes are secured by the county's 2006 Revolving Fund as well as its limited tax, general obligation pledge.
The 'F1+' rating, which is of the highest short-term credit quality, reflects the strong coverage of expected note repayment resources and ample liquidity derived from the county's general ...
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