West Virginia ED Authority Rated

Fitch Ratings assigns an 'A' rating to the West Virginia Economic Development Authority's (EDA) $51.075 million lease revenue bonds (Correctional, Juvenile and Public Safety Facilities), comprised of $50.02 million 2004 series A and $1.055 million taxable 2004 series B. Both series of bonds are expected for negotiation the week of July 19 through a syndicate managed by Citigroup, Crews & Associates, Inc. and Ferris, Baker Watts, Incorporated. The 2004 series A bonds are due as $7.95 million serials on June 1, 2005-24 with $42.1 million terms with mandatory sinking fund requirements on June 1, 2029, while the taxable 2004 series B are due on June 1, 2006. Both series of bonds will be optionally callable beginning June 1, 2014 at par.

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