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MOODY'S WITHDRAWS RATING ON BREVARD COUNTY, FLORIDA GENERAL OBLIGATION BONDS

 NEW YORK, Dec. 15 /PRNewswire/ -- Effective today, Moody's Investors Service announced that it has withdrawn its "A" rating on the Brevard County, Florida General Obligation limited tax bonds, Series 1964. The bonds have been legally defeased through the creation of an escrow fund held by Barnett Bank's Trust Company, N.A. which will provide funds sufficient to retire the bonds through their final maturity on Nov. 1, 1994. No application was received to review the escrow. Consequently, in accordance with Moody's policy, the bonds will be designated as "asterisk," meaning that the bonds have been refunded and that Moody's expresses no opinion as to the bonds' credit quality.
 -0- 12/15/92
 /CONTACT: Marcy Edwards, vice president/manager-Southeast region, 212-553-0322, or John Incorvaia, vice president-Southeast region, 212-553-0501, both of Moody's/


CO: Brevard County ST: Florida IN: SU: RTG

SH-OS -- NY067 -- 7351 12/15/92 15:44 EST
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Publication:PR Newswire
Date:Dec 15, 1992
Words:147
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