The program's 'AA+' rating reflects strong statutory provisions and program mechanics, as well as the state's general credit condition expressed in its 'AAA' GO bond
For further information on the bond bank's GO bond
program, please see Fitch's release dated Feb.
The average tax rate levied to repay the two election of 1999 GO bond
issuances, including this issue, is expected to be $14 per $100,000 of assessed valuation, assuming a conservative 6% future annual assessed valuation growth rate.
49 million GO bonds
BBB Southeastern Pennsylvania Transportation Authority/Philadelphia $26.
New York City (NY) GO bonds
ser fiscal 1997 E & F (refunded with new CUSIPs assigned);
Bridgeport (CT) GO bonds
series 2001C (refunded with new CUSIPs assigned);
For further information on GO bonds
and ERBs, please see Fitch's website at 'www.
11, 2009, consisted entirely of taxable GO bonds
, series 2009B (Build America Bonds - Direct Payment to Issuer), rather than GO bonds
, (Build America Bonds) taxable series 2009B-1; no series 2009B-2 bonds were sold.
Westmont Hilltop School District (PA), $5,025,000 GO bonds
21, 2004 with proceeds of the city's GO bonds
, fiscal 2005 series H and I and an equity contribution of $336,689.
These bonds were refunded on April 28, 2005 with proceeds of the city's GO bonds
, fiscal 2005 series N and an equity contribution of $475,000.
The 'AA+' rating on Texas GO bonds
reflects the state's low debt and conservative financial operations and an economy that has expanded and diversified.