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WESTCHESTER COUNTY (N.Y.) GENERAL OBLIGATION BONDS RATED 'AAA' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, Oct. 15 /PRNewswire/ -- Westchester County, New York's $36.5 million general obligation Bonds-1993B are rated `AAA' by Fitch. The bonds will be sold competitively on Oct. 28. The `AAA' rating on $552.8 million outstanding GO bonds is affirmed.
 Westchester County continues to possess the highest quality credit. The county has been affected by the recession but county officials have acted quickly and responsibly to maintain balance and position the county for long-term structural budget integrity. Financial performance remains strong, with good balances achieved to help meet future needs and unexpected fluctuations in economically sensitive areas.
 Fund balance was increased in 1991 and remained solid at the end of 1992. Debt levels are still easily manageable, as is the capital program. Infrastructure is generally in place with water and sewer needs the core of the capital improvement plan. Economic growth and development have slowed, but both retail and residential growth is being maintained. The credit trend is stable.
 -0- 10/15/93
 /CONTACT: Ruth M. Levine of Fitch, 212-908-0605/


CO: ST: New York IN: SU: RTG

CK -- NY081 -- 2922 10/15/93 16:46 EDT
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Publication:PR Newswire
Date:Oct 15, 1993
Words:187
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