Pharma Investments, Ventures & Law Weekly
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Fitch Ratings
Fitch Rates Massachusetts $553MM GO Bonds 'AA'; Outlook Stable
December 14th, 2008
Fitch Ratings assigns a rating of 'AA' to the Commonwealth of Massachusetts' approximately $552,755,000 general obligation (GO) refunding bonds, series 2008A. The bonds, which mature Sept. 1, 2009-2032, are scheduled to sell through negotiation the week of Nov. 17. Bond proceeds will be used to refund outstanding variable-rate bonds of the commonwealth and the Route 3 North Transportation Improvement Association. In addition, Fitch affirms the 'AA' rating on about $16 billion outstanding Commonwealth GO bonds. The Rating Outlook is Stable. The 'AA' rating reflects the Commonwealth's considerable economic resources and record of prudent financial management. Even after a...
Source: Pharma Investments, Ventures & Law Weekly (2008-12-14)
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