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GEORGIA GO REFUNDED BONDS RATED 'AAA' BY FITCH -- FITCH FINANCIAL WIRE --

 GEORGIA GO REFUNDED BONDS RATED 'AAA' BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, April 13 /PRNewswire/ -- Certain refunded general obligation bonds of the state of Georgia are rated 'AAA' by Fitch. The rating reflects the fact that the refunded bonds are secured by an irrevocable escrow comprised of direct, noncallable obligations of the U.S. Government--State and Local Government Series Obligations (SLGS). The escrowed securities will be sufficient to pay interest, principal, and the redemption price of the refunded bonds to their respective call dates.
 The original issues involved in this refunding are $35 million Series 1975A dated Jan. 1, 1975; $64 million Series 1980A dated May 1, 1980; $131.7 million Series 1985F dated July 1, 1985; $49.8 million Series 1987C dated May 1, 1987; and $233.2 million Series 1987E dated July 1, 1987.
 The refunded bonds include $6 million Series 1975A maturing Jan. 1, 1998-2000 to be called on July 1, 1992; $36.7 million Series 1980A maturing May 1, 1995-2005 to be called on May 1, 1992; $78.9 million Series 1985F maturing July 1, 2005 to be called on May 1, 1995; $16.6 million Series 1987C maturing May 1, 2004-2007 to be called on May 1, 1997; and $20.5 million Series 1987E maturing July 1, 2006-2007 to be called on July 1, 1997.
 -0- 4/13/92
 /CONTACT: Stewart Simon of Fitch, 212-908-0508. CO: ST: Georgia IN: SU: RTG


AH -- NY083 -- 7929 04/13/92 16:28 EDT
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Publication:PR Newswire
Date:Apr 13, 1992
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