25.08.2016, 18:50
Fitch Rates Midland, TX's COs 'AAA'
OREANDA-NEWS. Fitch Ratings has assigned a 'AAA' rating to the following Midland, TX obligations:
--$28.2 million tax and limited pledge revenue certificates of obligation (COs), series 2016.
The obligations are expected to be sold via negotiation the week of Sept. 12. Proceeds will fund the construction and equipment of new convention center facilities.
Fitch currently rates Midland's Long-Term Issuer Default Rating (IDR) and its $119.5 million outstanding limited tax debt 'AAA'.
The Rating Outlook is Stable.
--$28.2 million tax and limited pledge revenue certificates of obligation (COs), series 2016.
The obligations are expected to be sold via negotiation the week of Sept. 12. Proceeds will fund the construction and equipment of new convention center facilities.
Fitch currently rates Midland's Long-Term Issuer Default Rating (IDR) and its $119.5 million outstanding limited tax debt 'AAA'.
The Rating Outlook is Stable.
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