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Article: Fitch Rts Maryland Econ Devel Corp Lse Revs 'AA+'; Montgomery Cnty Affd.
- Article from:
- Business Wire
- Article date:
- October 11, 2002
CopyrightCOPYRIGHT 2002 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)--Oct. 11, 2002
$34.5 million Maryland Economic Development Corporation (MEDCO) lease revenue bonds (Montgomery County Wayne Avenue Parking Garage Project) series 2002A and $1 million series 2002B (the bonds) are rated 'AA+' by Fitch Ratings. The bonds are scheduled to sell via negotiation the week of Oct. 14, with Legg Mason Wood Walker and Ferris Baker Watts serving as co-senior managing underwriters. The bonds mature serially Sept. 15 2003-2016 with semi-annual interest payments on March 15 and Sept. 15, commencing Sept. 15, 2003. The bonds are a limited obligation of the issuer, secured solely by annual lease ...