Article: Fitch Rates Forsyth County, North Carolina's $42MM Rfdg GOs 'AAA'; Outlook Stable


Wireless News
08-24-2009
Fitch Rates Forsyth County, North Carolina's $42MM Rfdg GOs 'AAA'; Outlook Stable
Type: News

Fitch Ratings assigns an 'AAA' rating to Forsyth County, North Carolina (the county) estimated $42.3 million general obligation (GO) refunding bonds, series 2009.

The GOs are scheduled to price via negotiated sale on Sept. 2. The bonds will mature serially from March 1, 2012 through 2020 and will refund certain outstanding GO maturities. In addition, Fitch affirms the county's $421 million outstanding GO bonds at 'AAA' and $70 million certificates of participation at 'AA+.' The Rating Outlook is Stable.
The county's 'AAA' GO rating reflects its strong finances and ...

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