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Fitch Ratings
Fitch Rates Onondaga County, New York's $61.725MM 2007A GOs 'AA+'; Outlook Stable
March 1st, 2009
Fitch Ratings assigns an 'AA+' rating to Onondaga County, NY's (the county) $61.725 million general obligation (serial) bonds, 2009 series A. The general obligation (GO) bonds are scheduled for competitive sale on Feb. 24, 2009. Bond proceeds will finance various capital projects, including improvements to the county's radio infrastructure. In addition, Fitch affirms the rating on the county's approximately $304 million outstanding GO bonds at 'AA+'. The Rating Outlook is Stable. The 'AA+' rating is based on the county's sound financial position, low direct debt burden benefiting from the use of tobacco securitization proceeds to retire outstanding debt, as well as a...
Source: Pharma Investments, Ventures & Law Weekly (2009-03-01)
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