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Article: Fitch Rates Washtenaw County, Michigan's $28MM LTGO Tax Notes 'F1+'.
- Article from:
- Business Wire
- Article date:
- April 22, 2008
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NEW YORK & CHICAGO -- Fitch has assigned an 'F1+' rating to Washtenaw County (the county), Michigan's $28 million general obligation limited tax (LTGO) notes, series 2008 taxable obligations, and an 'AA' rating with a Stable Outlook to the county's outstanding $65 million in GO bonds and $8 million in LTGO bonds issued by the county Building Authority. The treasurer has scheduled the note closing for April 24, 2008. The notes will mature on Jan. 15, 2009 and will not be subject to redemption prior to maturity. The notes are secured by the county's 2008 Revolving Fund as well as its LTGO pledge.
The 'F1+' rating, Fitch's highest short-term credit quality, ...