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REFUNDING ISSUE BOOKENTRYONLY In the opinion of Bond Counsel, under existing law, and assuming continued compliance with various requirements of the Internal Revenue Code of 1986, as amended, interest
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Refunding issue book-entry-only ratings refer to the ratings assigned to bonds that are issued to refinance previously issued bonds without creating physical certificates, allowing for easier management and transfer of ownership.
Issuers of refunding bonds are required to file refunding issue book-entry-only ratings to ensure proper assessment and rating of the new securities.
To fill out refunding issue book-entry-only ratings, issuers must provide necessary details about the bonds, such as the amount, maturity date, and purpose of the refunding, and submit it to the appropriate rating agency.
The purpose of refunding issue book-entry-only ratings is to assess the credit quality and risk of the new bonds being issued, which helps investors make informed decisions.
Reported information includes the bond issuance details, issuer's financial condition, purpose of the refunding, and any relevant legal documents.
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