|
|
Article: Salt Lake City's highly rated $122 million issue receives final approval.(Salt Lake County, Utah; not Salt Lake City)
- Article from:
- The Bond Buyer
- Article date:
- March 8, 1996
- Author:
CopyrightCOPYRIGHT 1996 SourceMedia, Inc. 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)
|
The Salt Lake County, Utah, Commission yesterday approved the purchase contract for its sale of $122.5 million of general obligation public building refunding bonds - a deal that has received high marks from the top three credit rating agencies.
Moody's Investors Service and Fitch Investors Service have rated Salt Lake County's GO debt triple-A. Standard & Poor's Corp. late Tuesday announced its AA-plus rating. A.G. Edwards & Sons in St. Louis has been selected as lead underwriter.
"It's a handshake deal at this point," said D. Kent Michie, vice president with Zion's Bank Public Finance in Salt Lake City, financial adviser to the county.
Michie said ...