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Fitch rates Ohio G.O. highway bonds AA+
Fitch Ratings said it assigned an AA+ rating to $140 million State of Ohio general obligation highway capital improvements bonds, series L (full faith and credit/highway user receipts).
The bonds are expected to sell via negotiation on or about April 21.
The bonds will mature on May 1, 2009 to 2018 and are not subject to prior redemption.
Fitch also affirmed the AA+ rating on about $7.2 billion of outstanding G.O. bonds of the state. The outlook is stable.
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