Fitch Ratings has affirmed the "A" rating for revenue bonds issued on behalf of Abington (
The "A" rating was affirmed for the following revenue bonds:
- $138,415,000 fixed rate bonds series 2012A
- $135,180,000 fixed rate bonds series 2009A
- $11,490,000 fixed rate bonds series 1993A
The bonds are secured by a gross revenue pledge by Abington, which included
Abington has several strengths supporting its rating and its stable outlook. As of March 31, Abington had unrestricted cash and investments that totaled $638 million, equating to 321 days cash on hand.
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