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General Obligations

AVON (TOWN OF) CT - Moody's Research Report

Moody's assigns Aaa rating with a stable outlook to Town of Avon's (CT) $7.1 million General Obligation Bonds, Issue of 2012

Posted on: September 24, 2012, 1:59 pm

NEW YORK, September 24, 2012 --Moody's Investors Service has assigned a Aaa rating with a stable outlook to the Town of Avon's (CT) $7.1 million General Obligation Bonds, Issue of 2012. Concurrently, Moody's has affirmed the town's Aaa long-term rating on $27.7 million of outstanding long-term debt. The bonds are secured by the town's general obligation unlimited tax pledge. Proceeds of this issue will be used to permanently finance previously issued bond anticipation notes representing the town's share of costs for the renovation and expansion of its library...

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