Business Wire
Fitch Ratings has assigned an ‘AA-‘ rating to the Pinal County (the county), Arizona’s following obligations:
–$50.5 million pledged revenue obligations, series 2014;
–$40.8 million pledged revenue refunding obligations, series 2014.
The bonds are scheduled for a negotiated sale the week of Dec. 1, subject to market conditions. Proceeds of the revenue obligations will finance public safety and road improvements. The revenue refunding bond proceeds will refund the county’s series 2006 revenue bonds for interest savings.
Additionally, Fitch affirms the county’s implied unlimited tax general obligation (GO) rating at ‘AA-‘ and the county’s $54.6 million in outstanding certificates of participation (COPs) series 2004 at ‘A+’.
The Rating Outlook is Stable.
