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Article: Fitch Rates Alaska Housing $96MM State Capital Project Bonds 2007 Series A & B Underlying 'AA+'.
- Article from:
- Business Wire
- Article date:
- September 6, 2007
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NEW YORK -- Fitch Ratings has assigned the following underlying rating to Alaska Housing Finance Corp.'s (AHFC) 2007 bond issue:
--$96 million state capital project bonds 2007 series A & B 'AA+'.
The bonds are expected to be insured by MBIA whose insurer financial strength is rated 'AAA' by Fitch and will be sold the week of Sept. 10, 2007 as a negotiated transaction by an A.G Edwards led syndicate.
Additionally, Fitch has affirmed the underlying ratings on the following $217.9 million of AHFC's outstanding bonds:
--State capital project bonds 2006 series A 'AA+';
--State capital project bonds 2002 series A, B & C 'AA+';
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