Published:
Fitch Corrects Bond Description on Wayne County, Michigan's $25MM Limited Tax GOs
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.
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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
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Fitch Ratings
Melanie A.J. Shaker, +1-312-368-3143 (Chicago)
or
Cindy
Stoller, +1-212-908-0526
(Media Relations, New York)
cindy.stoller@fitchratings.com
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