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Fitch gives AAA to Durham G.O. bonds
Fitch Ratings said it assigned an AAA rating to the $12.4 million series 2008A and $46.6 million series 2008B general obligation bonds issued by the city of Durham, N.C.
The bonds are scheduled for competitive bids on July 15. Proceeds will be used to fund capital improvements in the city.
Fitch also affirmed the AAA rating on $188 million outstanding G.O. bonds and ratings of AA+ and AA, respectively, on series 2001 certificates of participation with $13 million and $11 million outstanding.
The outlook is stable.
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