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Fitch Ratings
Fitch Assigns Virginia Public Building Authority's 2009A Revs at 'AA+'; Outlook Stable
April 19th, 2009
Fitch Ratings assigns an 'AA+' rating to Virginia Public Building Authority's $40,995,000 million public facilities revenue refunding bonds, series 2009A (federally taxable). The bonds are expected to sell via negotiation on April 7 and will mature serially on Aug. 1, 2010-2021. In addition, Fitch affirms the authority's $1.7 billion outstanding public facilities revenue bonds at 'AA+'. The Rating Outlook is Stable. The 'AA+' rating is based on the pledge of appropriation by the Commonwealth of Virginia, whose general obligations (GO) are rated 'AAA' by Fitch. Debt service for the bonds being offered derives from direct payments made by the commonwealth, subject only to...
Source: Pharma Investments, Ventures & Law Weekly (2009-04-19)
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