Fitch Rates Norfolk, Virginia’s $185.5MM GO Bonds ‘AA’; Outlook Stable
NEW YORK–(BUSINESS WIRE)–Fitch Ratings assigns an ‘AA’ rating to the following general obligation (GO) bonds of the city of Norfolk, Virginia (the city): — $55.5 million GO capital improvement and refunding bonds, series 2010A (tax-exempt);– $130 million GO capital improvement bonds, series 2010B (taxable-direct pay Build America Bonds [BABs]) The bonds are expected to sell during the week of Jan. 11, 2010 via negotiation. In addition, Fitch affirms the following ratings: — $692 million GO
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Fitch Rates Norfolk, Virginia’s $185.5MM GO Bonds ‘AA’; Outlook Stable
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