From the Update
NO RATING - Fitch Investors did not give Wise County a credit rating, which is tied to the bond sales for the Weatherford College Wise County construction project. County Judge Bill McElhaney told the Messenger Tuesday afternoon that although Fitch did not rate the county, they will still prepare to sell bonds by the end of March. He said the county will sell the bonds; they just won’t have a rating, which could result in a slightly higher interest rate. Read more in Thursday’s edition of the Wise County Messenger on news stands today.
I'm a financial idiot, but I would have thought that all bonds would have to have some rating. I mean, a rating basically tells me the odds of getting paid back on my investment. And if I don't know the odds of getting paid, I'm not investing in it.