Chester Wins an Aa1

Whalen, Robert
February 2005
Bond Buyer;2/28/2005, Vol. 351 Issue 32079, p41
Trade Publication
The article informs that Moody's Investors Service Inc. has assigned its Aa1 rating to $93.4 million of Chester County general obligation unlimited tax pledge bonds due to come to market this week. It assigns a stable outlook for the Philadelphia-area County. The bond proceeds will finance various capital projects and be used to refund about $60 million of floating-rate debt sold in 2001 and 2002. Moody's cited the county's expanding and diverse tax base, healthy general fund reserves, and its above-average debt coverage as credit strengths.


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