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HARTFORD (CONN.) $24 MILLION GENERAL OBLIGATION BONDS RATED 'AA' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, Jan. 15 /PRNewswire/ -- Hartford, Conn.'s $24 million general obligation bonds to be offered for competitive sale on Jan. 28 are rated AA' by Fitch.
 Hartford remains a city of two characters, with a solid commercial/industrial base and an essentially less well-off population base. The resources available to the city continue to be sufficient to meet needs since financial operations are very tightly controlled. Excellent management has provided for maintenance of position during a difficult economic time. The city and the region have been hard hit by the recession and will likely be slow to recover, but the essential credit strength of the city remains. Debt levels are low and although there is the expectation of increased borrowing for schools, ratios should remain favorable. The credit trend is stable.
 -0- 1/15/93
 /CONTACT: Colleen Woodell of Fitch, 212-908-0507/


CO: City of Hartford ST: Connecticut IN: SU: RTG

CK -- NY038 -- 5362 01/15/93 12:27 EST
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Publication:PR Newswire
Date:Jan 15, 1993
Words:160
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