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06/09/11 SAN FRANCISCO--(BUSINESS WIRE)--Fitch Ratings affirms the following rating on the South Valley Sewer District's (the district) bonds as part of its continuous surveillance effort: --$89 million sewer revenue bonds, series 2005, 2008, 2009A at 'AA'; --$35 million taxable sewer revenue bonds, series 2009B (Build America Bonds) at 'AA'. The Rating Outlook is Stable. RATING RATIONALE: --The South ...
05/03/11 NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed its 'A' rating on the remarketing of the following bonds: --$355.035 million American Municipal Power Inc (AMP) Meldahl Hydroelectric project revenue bonds, series 2010E (Taxable - issuer subsidy - Build America Bonds [BABs]). The series 2010E BABs were issued on Dec. 20, 2010 and are scheduled to be remarketed to a long-term rate on May 23 ...
02/22/11 Two suburban government agencies have put their federal rebate money from the Build America Bonds program into their general budgets instead of paying down the construction bonds. It's legal, but is it wise?
02/11/11 Event introduces federal bill: 'Build America Bonds to Create Jobs Now Act'
12/16/10 Sales of Build America Bonds, which have enabled states and cities to borrow about $185 billion from investors around the world since last year, are drying up a week before the federally subsidized program is set to end.
12/14/10 NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns an 'AA+' rating to the following Manatee County, FL (the county) public utilities revenue and refunding bonds: --Approximately $10.6 million, federally taxable - direct payment - public utilities revenue improvement Build America Bonds (BABs), series 2010 A; --Approximately $45.1 million, federally taxable - direct payment - public utilities ...
12/14/10 NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned its 'A' rating to the following bonds: --$355.035 million American Municipal Power Inc (AMP) Meldahl Hydroelectric project revenue bonds, series 2010E (Taxable - issuer subsidy - Build America Bonds [BABs]). The series 2010E BABs are scheduled to price the week of Dec. 13, 2010. Proceeds will be combined with the recently issued series 2010A ...
12/10/10 The end of the federally subsidized Build America Bonds may push up municipal yields and put more pressure on state and cities
12/10/10 TAMPA, Fla.--(BUSINESS WIRE)--Fitch Ratings assigns an initial rating of 'AA' to the following bonds issued by Miami Lakes, Florida (the town): --$650,000 special obligation bonds, series 2010A; --$7,620,000 special obligation bonds (federally taxable Build America Bonds - direct payment), series 2010B; --Implied general obligation (no bonds outstanding). The bonds are scheduled to sell via ...
12/08/10 NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned its 'A' rating to the following American Municipal Power Inc (AMP) Combined Hydroelectric Project revenue bonds, series 2010: --$125.195 million series A (Federally Taxable) 'A'; --$1.087695 billion series B (Federally Taxable - Issuer Subsidy - Build America Bonds [BABs]) 'A'; --$116 million series C (Federally Taxable - Issuer Subsidy - New ...
12/03/10 NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns Sanford, NC's (the city) enterprise systems revenue bonds the following rating: --$18.3 million enterprise systems revenue bonds, series 2010A, 'AA-'; --$34.4 million taxable enterprise system revenue bonds (Build America Bonds), series 2010B, 'AA-'. The city expects to sell the new issues in a negotiated sale on Dec. 8, 2010. Proceeds from the ...
12/02/10 NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns a 'AA' rating to following South Carolina Public Service Authority (Santee Cooper) revenue bond obligation: --$300 million (Federally Taxable - Direct Subsidy Build America Bonds (BABs)), 2010 series C 'AA'. The 2010 series C proceeds will finance Santee Cooper's share of the cost associated with the construction of the V.C. Summer nuclear unit #2 ...
11/25/10 Yields on longer-maturity tax- exempts are headed for the biggest weekly decline in three months amid Republican predictions that Build America Bonds, the fastest growing part of the $2.8 trillion municipal market, are likely to be extended.
11/23/10 NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned an 'A' rating to the following American Municipal Power Inc. (AMP) Meldahl hydroelectric project revenue bonds: --$33.04 million AMP Meldahl project series 2010 A (federally taxable) 'A'; --$595.4 million AMP Meldahl project series 2010 B (federally taxable Build America Bonds [BABs]) 'A'; --$20 million AMP Meldahl project series 2010 C ...
11/19/10 NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns an 'AAA' rating to the following Columbus, Ohio general obligation (GO) bonds: --$12.285 million various purpose unlimited tax, series 2010-2 A; --$8.15 million various purpose limited tax, series 2010-2 B; and --$22.715 million various purpose unlimited tax Build America Bonds (Federally Taxable-Direct Payment), series 2010-2C. The bonds are ...
11/17/10 Fitch Ratings has assigned an 'A-' rating to the $69 million Northern Illinois Municipal Power Agency's power project taxable revenue Build America Bonds .
11/17/10 NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned an 'A-' rating to the $69 million Northern Illinois Municipal Power Agency's (NIMPA) power project taxable revenue Build America Bonds (BABs). The series 2010A bonds are expected to price the week of Nov. 29, 2010. Proceeds from the bonds, with a final maturity of Jan. 1, 2042, will fund the incremental construction cost of the Prairie State ...
11/09/10 Fitch Ratings has assigned an 'A+' rating to the $126 million Illinois Municipal Electric Agency's power supply system revenue bonds, series 2010 consisting of $110 million series 2010A Build America Bonds and $16 million series 2010B tax exempt bonds.
11/09/10 NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned an 'A+' rating to the $126 million Illinois Municipal Electric Agency's (IMEA) power supply system revenue bonds, series 2010 consisting of $110 million series 2010A Build America Bonds (BABs) and $16 million series 2010B tax exempt bonds. The series 2010 bonds are expected to price the week of Nov. 15, 2010. Proceeds from the bonds, with a ...
11/09/10 SAN FRANCISCO--(BUSINESS WIRE)--Fitch Ratings assigns Pasadena Public Financing Authority (the authority), California, lease revenue bonds (Rose Bowl Renovation Project) the following ratings: --$36.9 million series 2010A (tax-exempt) 'AA+'; --$103.6 million series 2010B (taxable - Build America Bonds) 'AA+'; --$18.8 million series 2010C (taxable) 'AA+'; --$7.4 million series 2010D (taxable ...
11/09/10 NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns an 'AA-' rating to the following Heber Light & Power Company, Utah's (HL&P, or the company) electric revenue bonds: --$4,955,000 electric revenue refunding bonds, series 2010A; --$5,045,000 taxable electric revenue bonds, series 2010B (issuer subsidy-Build America Bonds). The bonds are expected to price via negotiation on Nov. 17, 2010. Proceeds ... | 
