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PARMA (OH) GO BONDS AFFIRMED AT 'A+' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, Nov. 24 ~PRNewswire~ -- Parma (OH)'s general obligation bonds are affirmed at 'A+' by Fitch.
 Parma possesses the economic ability to meet its low debt level requirements easily. Although secured by a limited tax pledge, debt service accounts for only a modest portion of the budget and should remain manageable. While financial operations are balanced narrowly, the city's ability to access available income tax capacity provides comfort. The credit trend is stable.
 -0- 11~24~92
 ~CONTACT: Ruth M. Levine, 212-908-0605, or Colleen Woodell, 212-908-0507, both of Fitch~


CO: ST: Ohio IN: SU RTG TM -- NY078 -- 1287 11~24~92 17:33 EST
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Publication:PR Newswire
Date:Nov 24, 1992
Words:105
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