Full Faith-and-Credit Obligation

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Full Faith-and-Credit Obligation

A bond secured by an unconditional promise to pay by another entity. The term usually refers to a debt security backed by the United States government. For example, a U.S. Treasury security and a Ginnie Mae pass-through are both full faith-and-credit obligations. These securities carry very low risk.
References in periodicals archive ?
Securities and Exchange Commission, assigned a 'AAA' rating to the following state of Florida full faith and credit bonds: --$246,855,000 Department of Transportation, Right-of-Way Acquisition and Bridge Construction Bonds, series 2018B.
Fitch Ratings assigns 'AAA' rating to Florida bonds
18 May 2010 - S&P on Monday lifted to AA- from A+ its underlying rating (SPUR) on Central Oregon Community College District's series 2001 full faith and credit bonds.
S&P raises Central Oregon Community College District's SPUR to AA-
"One of the fundamental insurance coverages that all municipalities need is full faith and credit bonds for their public officers.
Municipal reciprocals
Securities and Exchange Commission, assigned a 'AAA' rating to the following state of Florida full faith and credit bonds: --$117,105,000 State Board of Education Public Education Capital Outlay Bonds, 2018 Series B.
Fitch Ratings assigns 'AAA' rating to Florida full faith and credit bonds
New York: Fitch Ratings has assigned a 'AAA' rating to the following state of Florida full faith and credit bonds:
Fitch Rates Florida's $100MM GO Bonds 'AAA'; Outlook Stable
Securities and Exchange Commission, assigned a 'AAA' rating to the following state of Florida full faith and credit bonds: --$150.475 million State Board of Education Public Education Capital Outlay (PECO) refunding bonds, 2018 series A.
Fitch Ratings assigns 'AAA' rating to Florida bonds
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