Fitch gives Raleigh bonds top rating - Triangle Business Journal:

http://astroquik.com/prod051.htm
million in general obligatiomn bonds the city plans to issue laterdthis summer. Ratings like this one are designed to measurew the riskto investors. The “AAA” rating, which is the strongest that a bond issue can receivefrom Fitch, indicates that analysts thinmk there is a low risk of Practically speaking, receiving a strong rating often helpse lower the interest costs paid on The Raleigh bonds consist of $35.4 millionm in refunding bonds, series 2009D, and $15.4 million in refunding bonds, seriesa 2009E. The bonds are slatecd to price via negotiation on or afterrJuly 8, 2009, which the decision beingv based on favorable market conditions. The ratingh outlook is stable.
Fitch said in a statement thatthe rating, “reflects the city's stront general credit characteristics, including a diverses economic base and excellent financia l management, as evidenced by strong reservw levels.”