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Article: Fitch Rates Niagara Falls, New York Rfdg Bonds 'BBB'; Rating Outlook Negative.
- Article from:
- Business Wire
- Article date:
- February 7, 2003
CopyrightCOPYRIGHT 2003 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)--Feb. 7, 2003
The City of Niagara Falls, New York's (the city) $9.5 million public improvement refunding (serial) bonds, 2003 are rated 'BBB' by Fitch Ratings. Additionally, Fitch affirms the 'BBB' rating on the city's $85 million outstanding general obligation (GO) bonds. The Rating Outlook Is Negative. The bonds are scheduled to sell the week of Feb. 10 via negotiation with First Albany Corp. The bonds mature serially March 1, 2004-2024 and proceeds refund outstanding callable GO maturities. Net present value savings to the city is estimated at 7.5% of the refunded par. The bonds are GOs of the city by which ...
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Article: Fitch Rates Niagara Falls, New York ...
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October 18, 2004 ;
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...NEW YORK -- The City of Niagara Falls, New York's $14.4 million serial bonds, 2004, are ... allowable level. Located on the western edge of New York on the border with Canada, Niagara Falls is home to one of the world's most unique ...
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