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Article: Fitch Rts Richmond, VA $117MM GO Bonds `AA' & $50MM GO RANS `F1+'.
- Article from:
- Business Wire
- Article date:
- November 1, 2001
CopyrightCOPYRIGHT 2001 Business Wire. 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)
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Business Editors
NEW YORK--(BUSINESS WIRE)--Nov. 1, 2001
Fitch rates Richmond, Virginia's approximately $116,975,000 general obligation bonds, series 2001 `AA' and $50,000,000 general obligation revenue anticipation notes (RANs), series 2001 `F1+'. The RANs are scheduled to sell competitively Nov. 8, 2001 and will mature June 30, 2002. The general obligation bonds are scheduled to price and sell via competitive sale on Dec. 5, 2001. The bond proceeds will redeem the city's $74.3 million existing general obligation bond anticipation note, series B, dated Nov. 18, 1999 and will fund various capital needs. RAN proceeds will fund cash flow needs in ...