Article: Fitch Rates Bay City, Michigan's $8.535MM LTGOs 'A+'.

CHICAGO -- Fitch Ratings assigns an 'A+' rating to Bay City, MI's (the city) approximately $3,025,000 limited tax general obligation bonds (LTGOs), series 2008A, and approximately $5,510,000 LTGOs, series 2008B. The bonds are scheduled for negotiated sale on March 19, 2008. The bonds are secured by the city's limited tax GO pledge. Proceeds will finance capital improvements related to the city's water and sewer systems. Fitch also affirms the 'A+' rating on the city's approximately $54.9 million of outstanding LTGOs. The Rating Outlook is Stable.

The 'A+' rating reflects the city's conservative financial management, which has produced healthy general fund reserve levels; ...

Related newspaper, magazine, and journal articles:

Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!