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SUFFOLK COUNTY $300 MILLION 2.7 PERCENT TAX ANTICIPATION NOTES 1993 RATED 'F-1+' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, Jan. 4 /PRNewswire/ -- Suffolk County (NY)'s $300 million 2.7 percent Tax Anticipation Notes, 1993 (RA Series I) are rated 'F-1+' by Fitch. The rating is based on a 100 percent irrevocable direct-pay letter of credit issued by The Mitsubishi Bank, Limited and The Industrial Bank of Japan, Limited.
 The notes will be due and payable as to both principal and interest on August 16, 1993. The notes will not be redeemable prior to maturity. The LOC is set to expire on August 21, 1993.
 The notes are being issued to provide moneys to meet cash flow deficits expected to occur during the period the notes are outstanding, due to the timing difference between the dates fixed by law for the collection of taxes and assessments and the expected operating needs of the county.
 -0- 1/4/93
 /CONTACT: Carol A. Pfeiffer, 212-908-0534, of Fitch/


CO: Suffolk County, New York ST: New York IN: SU: RTG

LR -- NY066 -- 1394 01/04/93 15:32 EST
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Publication:PR Newswire
Date:Jan 4, 1993
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