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Fitch Ratings
Fitch Rates Virginia Public Building Authority's 2009B Revs 'AA+'; Outlook Stable
May 31st, 2009
Fitch Ratings assigns an 'AA+' rating to Virginia Public Building Authority's $310,000,000 million public facilities revenue and refunding bonds, series 2009B. The bonds are expected to sell via negotiation on May 19, 2009 and will mature serially on Aug. 1, 2010-2029. 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 (the commonwealth), whose general obligations (GOs) are rated 'AAA' by Fitch. Debt service for the bonds being offered derives from direct payments made by the commonwealth,...
Source: Pharma Investments, Ventures & Law Weekly (2009-05-31)
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