New development for St Louis

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US - Fitch has assigned a BBB+ long term rating to bonds issued by St. Louis Municipal Finance Corporation with the intention of funding a shortfall in three municipal pension systems.

Fitch rated Missouri's US$143m taxable leasehold revenue and refunding bonds BBB+ and affirmed the A- long-term rating on $54.8m of St. Louis' general obligation (GO) bonds. The development com...

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