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MUNICIPAL ASSIST. CORP. FOR NYC REFUNDED BONDS 'AAA' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, April 28 /PRNewswire/ -- The rating on $123.75 million Municipal Assistance Corporation (MAC) for the city of New York Second Resolution Bonds Series 56 is revised to `AAA' from `AA' by Fitch. The rating change affects all outstanding Series 56 bonds and results from the bonds being refunded by proceeds of MAC's Series C Bonds sold last month. The refunded bonds are now secured by noncallable U.S. government obligations held in an irrevocable escrow.
 Series 56 bonds maturing through July 1, 1996 will be retired as scheduled, and bonds maturing 1997-2008 will be called on July 1, 1996 at 102 percent.
 -0- 4/28/93
 /CONTACT: Amy S. Doppelt of Fitch, 212-908-0514/


CO: Municipal Assistance Corporation ST: IN: FIN SU: RTG

TM -- NY113 -- 2315 04/28/93 17:38 EDT
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Publication:PR Newswire
Date:Apr 28, 1993
Words:133
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