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Article: Fitch Rates Washtenaw County, Michigan's $30MM GOLT Tax Notes 'F1+'.

Article from:
Real Estate Weekly News
Article date:
June 12, 2009
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Fitch Ratings has assigned an 'F1+' rating to Washtenaw County (the county), Michigan's $30 million general obligation limited tax (GOLT) notes, series 2009 taxable obligations scheduled for a competitive sale on May 20, 2009. The notes mature semi-annually through June 1, 2011. In addition, Fitch affirms the 'AA' rating with a Stable Outlook on the county's outstanding $82 million in GOLT bonds and $8 million in GOLT bonds issued by the county Building Authority. The notes are secured by the county's 2009 Revolving Fund as well as the county's GOLT pledge.

The 'F1+' rating, Fitch's highest short-term rating, reflects the strength of the county's GOLT pledge and ...

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