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2006_0620_Packet
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2006_0620_Packet
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5/12/2014 12:51:49 PM
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8/26/2009 3:34:59 PM
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Credit Rating by Agency <br />' _ Moody's, ,� � Standard & Poor's I Fitch' _' <br />Aa� AAA AAA <br />Aa� A�4+ ,4�k� <br />A�� A� AA <br />� Aa3 - . .. AA- ,�A- <br />� � A� J� <br />#�� � � <br />�- A3 A �- <br />_ __ ; <br />_ Baal `- BB�a��- B��a- -- <br />Baa2 BBB BBB — <br />��� - - <br />Why is a Credit Rating Important? <br />• Higher ratings <br />— More secure investment <br />— Lower interest rate needed <br />— Lower interest costs to Issuer <br />5� nn� s�aa <br />■ Measure of Financial Management and Economic <br />Strength <br />i.• :. � .... . Sprlr�g��,r:� <br />7 <br />
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