19.07.2016, 15:20
Fitch Rates Tennessee's $332MM GOs 'AAA'
OREANDA-NEWS. Fitch Ratings has assigned a 'AAA' rating to the State of Tennessee's approximately $332 million general obligation (GO) bonds, consisting of:
--$170,000,000 GO bonds 2016 series A;
--$124,645,000 GO bonds 2016 refunding series B;
--$37,790,000 GO bonds 2016 refunding series C (federally taxable).
The par amounts of the refunding series are subject to change prior to sale.
The bonds will be sold via negotiated sale during the week of July 25.
Fitch has also affirmed the ratings on Tennessee's Long-Term Issuer Default Rating (IDR) at 'AAA', and the rating on $1.9 billion of outstanding state GO bonds.
--$170,000,000 GO bonds 2016 series A;
--$124,645,000 GO bonds 2016 refunding series B;
--$37,790,000 GO bonds 2016 refunding series C (federally taxable).
The par amounts of the refunding series are subject to change prior to sale.
The bonds will be sold via negotiated sale during the week of July 25.
Fitch has also affirmed the ratings on Tennessee's Long-Term Issuer Default Rating (IDR) at 'AAA', and the rating on $1.9 billion of outstanding state GO bonds.
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