Delaware successfully sold $255 million in general obligation bonds in a competitive bond sale on Wednesday. Of the amount sold, $32.5 million represents a refinancing at lower interest rates, saving taxpayers more than $7.8 million in total debt service over the next 12 years.
WILMINGTON, Del. – As Delaware officials prepare to issue $300 million of General Obligation Bonds later this month, the State has again received the highest possible bond ratings. One of only a handful of states granted Triple-A status from each of the four major bond rating agencies, January’s ratings from Fitch Ratings, Moody’s Investor Services, S&P […]
Bond refunding saves taxpayers $15 million WILMINGTON, Del. – Delaware’s proactive fiscal management has been recognized with the announcement of the State’s triple-A bond ratings and an upgrade of the rating for Delaware Transportation Authority (DTA) bonds. The State’s ratings were issued in advance of the refunding of $123 million of Series 2009D Build America […]
All three major credit rating agencies award Delaware with ‘AAA’ bond rating WILMINGTON, Del. – All three major credit rating agencies have once again awarded Delaware with a ‘AAA’ rating, citing the state’s ongoing commitment to strong fiscal management. With this endorsement, Moody’s Investors Service, Fitch Ratings, and Standard & Poor’s Global Ratings have favorably […]
Finance Secretary Thomas J. Cook announced today that Delaware successfully sold $236 million in triple-A-rated general obligation bonds in Tuesday’s annual bond sale, effectively netting a savings of over $8 million for Delaware taxpayers.