Posted at 2:15 p.m., Wednesday, March 14, 2007
New Hawai'i general obligation bonds get 'AA' rating
Advertiser Staff
Fitch Ratings assigned an "AA" rating to the state of Hawai'i's $350 million general obligation bond of 2007, series DJ, saying the strong local economy has led to state government revenue growth. The ratings agencies also cited the state's sound financial operations and conservative budgetary procedures.The New York-based bond rating service said the bonds are expected March 28 through a syndicate led by Citigroup. It also affirmed its AA rating on about $4.3 billion of outstanding Hawai'i general obligation bonds.
