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WHITE PLAINS (NY) 'AAA' GO BONDS AFFIRMED BY FITCH --FITCH FINANCIAL WIRE--

 WHITE PLAINS (NY) 'AAA' GO BONDS AFFIRMED BY FITCH
 --FITCH FINANCIAL WIRE--
 NEW YORK, Aug. 17 /PRNewswire/ -- White Plains (NY)'s 'AAA' general obligation bond rating is affirmed by Fitch. The city will offer $6 million Public Improvement (Serial) Bonds, 1992 for bids on August 25. White Plains possesses superior credit characteristics that have sustained the city throughout the current economic downturn. The city experienced dramatic growth during the late 1970s and 1980s that positioned it as a key retail center for a large, wealthy area, as well as an important office location within Westchester County. Financial performance has been excellent with conservative budgeting and good balances contributing to overall financial health. Debt levels are modest, as are capital needs. The credit trend is stable.
 -0- 8/17/92
 /CONTACT: Colleen Woodell of Fitch, 212-908-0507/ CO: ST: New York IN: SU: RTG


DC -- NY083 -- 0671 08/17/92 16:54 EDT
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Publication:PR Newswire
Date:Aug 17, 1992
Words:151
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