Delaware Business Blog

Delaware Earns AAA Bond Rating and issues Build America Bonds

If you are a citizen of Delaware, you’ll never get tired of hearing about this. Bond agencies once again praise Delaware’s responsible management of taxpayer dollars.

Delaware Receives Triple-A Rating

Also noteworthy, the Delaware will issue taxable bonds known as Build America Bonds taking advantage of the bonding provisions contained in the America Recovery and Reinvestment Act. The Build America Bonds, which earn a 35% subsidy from the federal government, will be sold to institutional buyers.

A 35% subsidy from the federal government?! Bailout city. The bottom line is that these bonds may represent a more cost effective alternative for the State than traditional tax-exempt bonds.

Retail Build America Bonds bonds will be available from the following brokers:

Morgan Stanley (877) 937-6739

Barclays Capital (800) 392-5000

Janney Montgomery Scott LLC (888) 567-4759

J. P. Morgan (888) 299-7553

Merrill Lynch (800) 937-0424 (Wilmington)

(800) 487-4518 (Rehoboth Beach)

(800) 937-0631 (Dover)

Stone & Youngberg LLC (800) 423-1992

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