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Monday, December 10, 2012

TEXT-Fitch Rates Wicomico County, Md. GOs 'AA-'

Sept 21 - Fitch Ratings assigns an 'AA-' rating to the following general obligation (GO) bonds of Wicomico County, Maryland (the county):

--$28.9 million general obligation consolidated public improvement and refunding bonds of 2012.

Bond proceeds will finance the Bennett Middle School Project and refund various outstanding series of outstanding bonds to achieve debt service savings with no
extension of maturity dates. The bonds will be offered by the county at a competitive sale on Tuesday, Oct. 2, 2012.

In addition, Fitch affirms the following rating:

--$91.6 million in outstanding GO bonds at 'AA-'.

The Rating Outlook is Stable.

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