L.A. County's Tip-Top Trans

Saskal, Rich
June 2006
Bond Buyer;6/9/2006, Vol. 356 Issue 32399, p35
Trade Publication
The article reports that Los Angeles County, California, received the highest possible credit ratings before pricing $500 million in tax and revenue anticipation notes on June 7, 2006. The Tran sale was rated F1-plus by Fitch Ratings Inc., MIG-1 by Moody's Investors Service, and SP-1-plus by Standard & Poor's. According to Fitch analysts, the County's highest rating for short-term debt reflects the sound note repayment structure, and the availability of substantial borrowable resources throughout the fiscal year.


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