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general obligation bond (GO)

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general obligation bond (GO)
A municipal debt obligation on which interest and principal are guaranteed by the full financial resources and taxing power of the issuer. This broad promise makes a general obligation bond of higher quality than issues secured by a particular project or a more limited guarantee. It also results in lower returns to bondholders. Also called full-faith-and-credit bond. See also revenue bond.
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NEW YORK -- Fitch Ratings has affirmed the 'A' rating on Leesburg, Florida's (the city) implied general obligation bond (GO) rating as well the 'A-' rating on the approximately $23.
Fitch Affirms Leesburg, FL's Implied GOs at 'A'; Revises Outlook to ... by Business Wire
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