Fitch rates Lucas County bonds AA-, F1+

Fitch Ratings said it assigned an AA- rating to the $30 million series 2008 arena improvement taxable limited tax general obligation bonds issued by Lucas County, Ohio, and gave an F1+ short-term rating to the county's $46.14 million series 2008 tax-exempt arena improvement limited tax general obligation bond anticipation notes and its $10 million taxable arena improvement BANs.

The notes mature July 30, 2009. The bonds and notes are scheduled for negotiated sale on July 17.

Proceeds from the tax-exempt BANs will retire $18.5 million in outstanding BANs. The remaining proceeds from the sale will partially finance construction of a new minor league hockey arena.

Fitch affirmed the AA- rating on the county's $53.4 million of outstanding G.O. debt. The outlook is stable.

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