Fitch gives AA-/F1+ to Ariz. stadium bonds

Fitch Ratings said it assigned an AA-/F1+ rating to the Arizona Sports and Tourism Authority's $53.05 million of senior variable-rate demand revenue refunding bonds (Multipurpose Stadium Facility project), series 2008.

The rating reflects a direct-pay letter of credit from Allied Irish Banks, plc, New York Branch, which is rated AA-/F1+.

Delivery of the bonds is expected on May 15.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.