Fitch rates Pennsylvania G.O. bonds AA

Fitch Ratings said it assigned an AA rating to the Commonwealth of Pennsylvania's $405 million general obligation bonds.

The bonds consist of the $325 million first series of 2008, due May 15, 2009 to 2028, and the $80 million first refunding series of 2008, due Aug. 1, 2008 to 2013.

The bonds are expected to be offered competitively on May 20.

In addition, Fitch affirmed the rating for the commonwealth's $7.8 billion outstanding G.O. bonds at AA. The outlook is stable.

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