Fitch Corrects Bond Description on Wayne County, Michigan's $25MM Limited Tax GOs
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CHICAGO--(BUSINESS WIRE)-- Fitch Ratings corrects the bond description on recently rated Wayne County, Michigan limited tax building improvement bonds. The bonds originally named general obligation (GO) limited tax building improvement bonds, series 2009B (taxable - recovery zone economic development bonds) are now named general obligation (GO) limited tax building improvement bonds, series 2009A. The county did not choose to issue recovery zone bonds due to market conditions. The par amount of about $25 million and the rating of 'BBB+' with a Negative Outlook remain the same.
For further information, see the press release dated Oct. 13, 2009.
Additional information is available at www.fitchratings.com.
ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE WWW.FITCHRATINGS.COM. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.
Source: Fitch Ratings
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