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HARTFORD, CONN. $18 MILLION GO BONDS RATED 'AA' BY FITCH -- FITCH FINANCIAL WIRE --

 HARTFORD, CONN. $18 MILLION GO BONDS RATED 'AA' BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, Jan. 21 /PRNewswire/ -- Hartford, Conn.'s general obligation bonds are rated 'AA' by Fitch. The city will sell $18 million bonds competitively on Jan. 28.
 Since Hartford's resources are great in relation to both the magnitude of its debt and its financial obligations, the city continues to possess high quality credit despite the current economic downturn. The combination of strong financial management and the enlarged tax base resulting from solid growth experienced during the 1980's should enable the city to maintain budget balance with only minimal repercussions to overall performance. Mid-year shortfalls have been met with quick expenditure actions and performance continues to be balanced. State aid reductions will continue to be a risk for Hartford, but to date, have not been an issue. Debt levels are modest, as are capital needs. The credit trend is stable.
 -0- 1/21/92
 /CONTACT: Colleen Woodell of Fitch, 212-908-0507/ CO: City of Hartford ST: Connecticut IN: SU: RTG


JT -- NY120 -- 2044 01/21/92 16:30 EST
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Publication:PR Newswire
Date:Jan 21, 1992
Words:180
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/C O R R E C T I O N -- FITCH/(Correction Notice)

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