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Article: Fitch Rates Chester County, PA GOs Series B & C 2009 'AAA'; Outlook Stable.
- Article from:
- Business Wire
- Article date:
- November 11, 2009
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NEW YORK -- Fitch Ratings has assigned 'AAA' ratings to Chester County, Pennsylvania's (the county) general obligation (GO) bonds $41.6 million series B of 2009 (Federally Taxable-Build America Bonds - Direct Payment) (BABs) and $61.735 series C of 2009 bonds (collectively, the bonds). The bonds are scheduled to sell via negotiated sale on or about Dec. 1, 2009 with the proceeds of the series B bonds used to finance county capital improvements and the proceeds of the series C bonds used to refund certain outstanding notes. The Rating Outlook is Stable.
The 'AAA' rating reflects the county's solid financial operations and reserve levels, fiscally prudent ...