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Fitch Rates Carteret County, North Carolina's $13MM COPS 'A+'.

Business Wire

| July 11, 2002 | COPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Business Editors

Fitch Ratings assigns an underlying 'A+' rating to Carteret County, North Carolina's $13,325,000 certificates of participation (2002 Carteret County Public Facilities Project). The certificates of participation (COPS) are scheduled to price through negotiation with UBS PaineWebber Inc. on July 24. The certificates are expected to be insured by Ambac Assurance Corporation, whose insurer financial strength is rated 'AAA' by Fitch Ratings. In addition, Fitch affirms its 'AA-' rating on the county's approximately $25.2 million in outstanding general obligation bonds.

The underlying 'A+' rating on the 2002 COPs reflects sound lease provisions,…

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Source: HighBeam Research, Fitch Rates Carteret County, North Carolina's $13MM COPS 'A+'.

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