Fitch gives Oregon TRANs F1+ rating

Fitch Ratings said it assigned an F1+ rating to Oregon's $750 million tax anticipation notes, 2008 series A.

The notes are expected to sell through negotiation on June 24 and to close on July 1. The notes are due June 30, 2009 and are not callable.

The proceeds will finance Oregon's fiscal 2009 cash flow needs.

Fitch also affirmed its F1+ rating of the state's outstanding $795 million 2007 series A notes due June 30, 2008.

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