Fitch assigns AA- to Wilmington, Del., G.O. bonds

Fitch Ratings said it assigned an AA- rating to the City of Wilmington, Del.'s $74.2 million general obligation bonds, series 2008A. The outlook is stable.

The bonds are scheduled to sell via negotiation on June 16.

Moody's also affirmed the AA- rating on the city's $190 million in outstanding G.O. debt.

The 2008A bonds will finance capital improvements and refund some of the city's outstanding G.O. bonds.

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