Approximately $34.625 million bonds for East Baton Rouge Parish’s Green Light Plan have received a “AA” rating from Fitch Ratings, the agency announced today. The bonds are scheduled for a negotiated sale next week. Proceeds will finance street and road improvements included in the Green Light Plan. In addition, Fitch reaffirmed ratings on older bonds from 2006-10, including a “AA-” rating for both $119.2 million worth of road and street improvement/sales tax revenue bonds and $93.4 million of variable-rate road and street improvement/sales tax revenue bonds. Roughly $100.4 million of public improvement sales tax revenue bonds received a “AA+” rating. Fitch gave all the securities a “stable” rating outlook. You can check out details on all the ratings and bonds here.
Fitch gives ‘AA’ rating to EBR road bonds for 2012
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