Industry | 2009.09.15
Fitch Rates County of Nemaha's (KS) (Midwest Ag Service) $3.6MM Ser 2000 VRDBs 'AA-/F1+'
NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns a rating of \'AA-/F1+\' to the $3,600,000 County of Nemaha, Kansas industrial development revenue bonds (Midwest Ag Service, LLC Project), series 2000. The rating is based on the support provided by an irrevocable, direct-pay letter of credit (LOC) issued by CoBank, ACB. The bonds were initially issued with the additional support of a confirming letter of credit (CLOC) provided by BNP Paribas. On Oct. 9, 2009, the CLOC will be released and cancelled
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