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TAN |
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CHICAGO -- Fitch assigns an 'F1+' short-term rating to the City of Kalamazoo, Michigan's $6,000,000 tax anticipation notes (TANs), series 2007. In addition, because of declining cash reserves as well as the large amount of grant funds awarded to the district, a tax anticipation note borrowing of approximately $12 million is planned for later this month. In addition, because of declining cash reserves as well as the large amount of grant funds awarded to the district, a tax anticipation note borrowing of approximately $12 million is planned for later this month. |
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