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FRANKLIN COUNTY (OH) GENERAL OBLIGATION BOND ANTICIPATION NOTES RATED 'F-1+' BY FITCH -- FITCH FINANCIAL WIRE --

FRANKLIN COUNTY (OH) GENERAL OBLIGATION BOND ANTICIPATION NOTES RATED
 'F-1+' BY FITCH -- FITCH FINANCIAL WIRE --
 NEW YORK, Nov. 11 /PRNewswire/ -- Franklin County (OH)'s general obligation bond anticipation notes (BANs) are rated 'F-1+' by Fitch. The county will offer $9.65 million in general obligation BANs consisting of $4.65 million Exhibition Hall Land Notes, 12-92 and $5 million Solid Waste Facility Notes, 12-92. The BANs will be sold competitively on Nov. 17, 1992.
 A diverse and stable economic base provides Franklin County with exceptionally strong long-term capacity to pay its obligations. The overall debt burden is moderate relative to tax base resources and future capital needs are minimal. The county's large fund balance will be maintained by positive financial estimated operations this calendar year. Flexibility to raise property taxes under the statutory limit remains significant. Employment and tax base growth are continuing.
 The strongest degree of assurance for timely repayment of these one year notes rests with the county's exceptionally strong credit fundamentals and proven market access. The county's general obligation debt is rated 'AAA' and the county has been a regular issuer of general obligation debt in recent years.
 -0- 11/11/92
 /CONTACT: Richard Raphael, 212-908-0506, or Ruth M. Levine, 212-908-0605, both of Fitch/ CO: Franklin County, Ohio ST: Ohio IN: SU: RTG


SH -- NY066 -- 9817 11/11/92 15:02 EST
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Publication:PR Newswire
Date:Nov 11, 1992
Words:225
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