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Fitch Rates Outstanding 2005 Resolution Parity Alaska Bond Bank GO Bonds 'AA-'

NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns an 'AA-' rating to approximately $277.8 million in outstanding Alaska Municipal Bond Bank (bond bank) general obligation (GO) bonds, consisting of:

--GO refunding bonds 2005 series one;
--GO bonds 2006 series one;
--GO bonds 2006 series two;
--GO bonds 2007 series one;
--GO bonds 2007 series two;
--GO bonds 2007 series three;
--GO bonds 2007 series four;
--GO bonds 2007 series five;
--GO bonds 2008 series one;
--GO bonds 2008 series two;
--GO bonds 2009 series one;
--GO bonds 2009 series two.

The current action assigns Fitch's rating to existing parity GO bonds issued by the bond bank under the 2005 resolution, but not previously rated by Fitch. On Feb. 12, 2010 Fitch assigned a 'AA-' rating to GO bonds 2010 series one, and affirmed the 'AA-' rating on GO bonds 2009 series three and GO bonds 2009 series four. Prior rating affirmations considered the outstanding parity bonds now being rated by Fitch.

The Rating Outlook on all bonds is Stable.

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