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COOK COUNTY, ILL. $30 MILLION REFUNDED BONDS RAISED TO 'AAA' BY FITCH -- FITCH FINANCIAL WIRE --

COOK COUNTY, ILL. $30 MILLION REFUNDED BONDS RAISED TO 'AAA' BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, Dec. 19 /PRNewswire/ -- Cook County, Illinois' $30 million general obligation bonds, Series B of 1983 are raised to 'AAA' by Fitch. The county's nonrefunded general obligation debt is rated 'A+'. The rating is based on the economic refunding of the bonds by the county's general obligation bonds, Series 1991. The refunded bonds are now secured by non-callable, direct and general obligations of the United States held in an irrevocable escrow by Continental Bank N.A. The Series B of 1983 bonds will be redeemed on Dec. 1, 1993, at a price of 103 percent of principal.
 -0- 12/19/91
 /CONTACT: Andrea R. Bozzo of Fitch, 212-908-0515/ CO: Cook County ST: Illinois IN: SU: RTG SM -- NY079 -- 4076 12/19/91 16:21 EST
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Publication:PR Newswire
Date:Dec 19, 1991
Words:141
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