- Posted August 08, 2011
- Tweet This | Share on Facebook
County's Aaa bond rating produces savings
On the heels of Moody's Investors Service and Standard & Poor's reaffirming Oakland County's Aaa bond rating, Piper Jaffray Companies has purchased both Oakland County Building Authority refunding bonds for a total net present value savings of $3.8 million for Oakland County taxpayers, which is a half-million dollars more in savings than previously estimated.
"If the debt ceiling debate in Washington didn't make it clear why it pays to manage public finances prudently, Oakland County's Aaa rating and the savings taxpayers accrue on these Building Authority bonds do," said Oakland County Executive L. Brooks Patterson.
The Oakland County Building Authority Refunding Bonds, Series 2011 refunds Series 2001 and Series 2004A. There were a total of eight bidders competing for the purchase of the two refunding bond offers.
Published: Mon, Aug 8, 2011
headlines Oakland County
- Meet the Judges
- Owner of twice-sunken Lake Michigan barge pleads guilty to felony
- Justice Dept. reaches civil settlement with victims abused by Lawrence Nassar
- Oakland County, Oakland Livingston Human Services Agency launch Oakland County Senior Chore Pilot Program
- U.S. Immigration Court judge to be keynote speaker at law school’s Law Day virtual celebration
headlines National
- New Legalese: You may have heard a deepfake, but what about ‘Twiqbal’?
- From Intake to Outcome: An in-house lawyer’s guide to matter management solutions
- 2 BigLaw firms in merger talks that could produce 1,600-lawyer firm with top 50 revenue
- Send in the paralegals
- Lawyer reprimanded after mistakenly emailing opposing counsel with plan to avoid judge’s call
- ‘I don’t play well’ judge who threatened to track down, jail misbehaving litigant gets tossed from case