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Fitch Ratings
Fitch Rates Pennsylvania Commonwealth Financing Authority $100MM Rev Bonds 'AA-'; Outlook Stable
May 9th, 2009
Fitch Ratings has assigned 'AA-' ratings to Pennsylvania Commonwealth Financing Authority's (CFA) $50 million fixed rate revenue bonds, (federally taxable) series A of 2009 and $50 million fixed rate revenue bonds, series B of 2009 which are expected to be sold through negotiation during the week of April 27. The series A bonds are expected to be due June 1, 2011-2026 while the series B bonds are expected to mature June 1, 2026-2033. Additionally, Fitch affirms approximately $717 million in outstanding CFA bonds at 'AA-'. The Rating Outlook is Stable. The 'AA-' rating reflects the solid credit of the Commonwealth of Pennsylvania (GOs rated 'AA' by Fitch) and the...
Source: Law & Health Weekly (2009-05-09)
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