Exhibit 11: General Obligation Bond Ratings Rose in 24 Cities Since 1994.
City
|
State
|
Current Rating
|
Prior Rating
|
Current Rating Date
|
| Anaheim
|
CA
|
AA
|
AA-
|
9/14/94
|
| Boston
|
MA
|
A+
|
A
|
9/27/95
|
| Chicago
|
IL
|
A+
|
A
|
3/20/98
|
| Cleveland
|
OH
|
A
|
A-
|
6/20/94
|
| Columbus
|
GA
|
AA
|
A
|
5/12/95
|
| Columbus
|
OH
|
AAA
|
AA+
|
5/12/95
|
| Denver
|
CO
|
AA+
|
AA
|
3/9/99
|
| Detroit
|
MI
|
BBB+
|
BBB
|
12/9/97
|
| Fort Wayne
|
IA
|
AA-
|
A+
|
10/9/97
|
| Grand Rapids
|
MI
|
AA-
|
A+
|
9/4/98
|
| Jackson
|
MS
|
AA-
|
A+
|
6/21/94
|
| Knoxville
|
TN
|
AA
|
AA-
|
4/24/97
|
| Las Vegas
|
NV
|
A+
|
A
|
2/14/96
|
| Mesa
|
AZ
|
AA-
|
A+
|
11/10/95
|
| Miami
|
FL
|
BB
|
B
|
5/13/97
|
| Montgomery
|
AL
|
AA
|
AA-
|
3/24/95
|
| New York
|
NY
|
A-
|
BBB
|
7/16/98
|
| Newport News
|
VA
|
AA
|
AA-
|
3/5/98
|
| Philadelphia
|
PA
|
BBB
|
BBB-
|
3/25/97
|
| San Antonio
|
TX
|
AA+
|
AA
|
12/8/98
|
| Shreveport
|
LA
|
A+
|
A
|
4/28/95
|
| Tacoma
|
WA
|
A+
|
A
|
5/20/94
|
| Tucson
|
AZ
|
AA
|
AA-
|
4/16/96
|
| Washington
|
DC
|
BB
|
B
|
3/11/98
|
Source: Standard and Poor's Rating Information Services, April 1999
Return to Finding #1
|
|
| 
