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Article: Fitch Affirms Sonoma County, California's Pension Oblig Bonds & Sales Tax Revs; Outlook Stable.
- Article from:
- Business Wire
- Article date:
- August 13, 2009
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NEW YORK -- As part of ongoing surveillance, Fitch Ratings has affirmed Sonoma County, California's (the county) outstanding debt as follows:
--$215.3 million outstanding pension obligation bonds, series 2003A and 2003B (taxable) (the pension bonds) at 'AA-';
--$96.9 million outstanding measure F sales tax revenue bonds, series 2007A and 2007B (the sales tax bonds) at 'AA'.
The Rating Outlook is Stable.
The 'AA-' rating on the pension bonds reflects the general credit strengths of the county including its sound financial management practices contributing to healthy reserve levels, low debt burden, a historically stable economy based on ...