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EAST BATON ROUGE 1/2 PERCENT SALES TAX BONDS RATED 'A' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, March 3 /PRNewswire/ -- East Baton Rouge Parish (LA)'s 1/2 percent sales tax bonds are rated 'A' by Fitch. The parish will offer $30.2 million Public Improvement Sales Tax Bonds, Series ST-1993 on March 10, 1993. The bonds will be sold competitively.
 East Baton Rouge's special 1/2 percent sales and use tax bonds are rated 'A', reflecting the parish's good financial operations, ongoing economic development, satisfactory coverage levels provided by the special sales and use tax securing the bonds, and good history of sales tax receipts. Unemployment is below state and national levels, the number of jobs has increased faster than the labor force in recent years, and prospects for additional job growth are good. Wealth is above state levels, though below the nation's, and debt levels are below average. The credit trend is stable.
 -0- 03/03/93
 /CONTACT: Ruth M. Levine of Fitch, 212-908-0605/


CO: ST: Louisiana IN: SU: RTG

AH -- NY083 -- 2654 03/03/93 17:08 EST
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Publication:PR Newswire
Date:Mar 3, 1993
Words:166
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