Fitch to Confirm S-T ‘F1+’ Rating on VA Public Building Authority Var-Rate Revs Series 2005D
NEW YORK–(BUSINESS WIRE)–On the effective date of Aug. 4, 2011, Fitch Ratings will confirm the short-term ‘F1+’ rating assigned to the $50,000,000 Virginia Public Building Authority variable-rate public facilities revenue bonds, series 2005D (the bonds). The short-term rating action is in connection with the substitution of the liquidity support currently provided by Dexia Credit Local (Dexia, rated ‘A+/F1+, Stable Outlook by Fitch) in the form of a Standby Bond Purchase Agreement (SBPA), with
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Fitch to Confirm S-T ‘F1+’ Rating on VA Public Building Authority Var-Rate Revs Series 2005D
Fitch To Withdraw Credit Enhanced Rtgs on MTA (NY) Dedicated Tax Fund VRBs Subser 2008B-2 & B-3
NEW YORK–(BUSINESS WIRE)–On the effective date of Aug. 3, 2011, Fitch will withdraw the credit enhanced ‘AA+/F1+’, Stable Outlook ratings assigned to the Metropolitan Transportation Authority dedicated tax fund variable rate refunding bonds, subseries 2008B-2 and subseries 2008B-3, which ratings are currently based on the irrevocable direct-pay letters of credit (LOCs) supporting the bonds and the application of Fitch’s dual-party pay criteria. The rating actions are in connection with: (1) th
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Fitch To Withdraw Credit Enhanced Rtgs on MTA (NY) Dedicated Tax Fund VRBs Subser 2008B-2 & B-3
Fitch to Downgrade L-T & Confirm S-T on Terre Haute, IN’s Ser 2006A&B VRDBs (Westminster Village)
NEW YORK–(BUSINESS WIRE)–On the effective date of Aug. 12, 2011, Fitch Ratings will downgrade the long-term ‘AA’ rating to ‘AA-’and confirm the short-term ‘F1+’rating assigned to the city of Terre Haute, Indiana’s $9,245,000 variable rate demand revenue bonds, series 2006A (Westminster Village Project), and the $9,300,000 taxable variable rate demand revenue bonds, series 2006B(Westminster Village Project). The rating actions are in connection with the provision of alternate credit support in
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Fitch to Downgrade L-T & Confirm S-T on Terre Haute, IN’s Ser 2006A&B VRDBs (Westminster Village)
Fitch to Confirm S-T ‘F1+’ Rating on Eastern Muni Water Dist (CA) Water & Sewer COPs 2008D&E
NEW YORK–(BUSINESS WIRE)–On the effective date of July 22, 2011, Fitch Ratings will confirm the short-term ‘F1+’ rating assigned to the Eastern Municipal Water District water and sewer revenue refunding certificates of participation, series 2008D and series 2008E (the COPs). The short-term rating action is in connection with the substitution of the liquidity support currently provided by Lloyds TSB Bank, plc (Lloyds, rated ‘AA-/F1+, Stable Outlook by Fitch) in the form of two separate Standby
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Fitch to Confirm S-T ‘F1+’ Rating on Eastern Muni Water Dist (CA) Water & Sewer COPs 2008D&E
Monogram Energy Inc./Marquis Tech Holdings Announces Official Date of Forward Split for Shareholders
NEW YORK–(BUSINESS WIRE)–Monogram Energy, Inc./Marquis Tech Holdings, Inc. (Pink Sheets: MGRN), announces today that it has received final confirmation from FINRA that the effective date of the 1.03 for 1 forward stock split, referenced in last Wednesday’s press release, will be Tuesday July 19, 2011. Shareholders of record on the date effected will receive additional shares in MGRN equal to 3% of their holdings in MGRN common stock at that time. Fractional shares will be rounded up in favor o
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Monogram Energy Inc./Marquis Tech Holdings Announces Official Date of Forward Split for Shareholders
Fitch to Confirm ‘F1+’ Rating on City of Austin, TX Comb Utility Sys Taxable CP Notes
NEW YORK–(BUSINESS WIRE)–On the effective date of July 11, 2011, Fitch Ratings will confirm the short-term ‘F1+’ rating assigned to the City of Austin, Texas combined utility systems taxable commercial paper notes. The rating action is in connection with: the substitution of the irrevocable direct-pay letter of credit (LOC) previously provided by Landesbank Hesson-Thuringen Girozentrale (rated ‘A+/F1+’, Stable Outlook) with a substitute LOC issued by JPMorgan Chase Bank, N.A. (rated ‘AA-/F1+’,
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Fitch to Confirm ‘F1+’ Rating on City of Austin, TX Comb Utility Sys Taxable CP Notes
Fitch to Upgrade Chicago Midway Airport 2nd Lien Revs, Taxable Ser 2010A-1 to ‘AA-/F1+’
NEW YORK–(BUSINESS WIRE)–On the effective date of June 30, 2011, Fitch Ratings will upgrade the long- and short-term ratings assigned to the $22,000,000 City of Chicago – Chicago Midway Airport second lien revenue bonds taxable series 2010A-1 to ‘AA-/F1+’, Outlook Stable from ‘A/F1′, Outlook Stable. The rating action is in connection with the substitution of the irrevocable direct-pay letter of credit (LOC) previously provided by Morgan Stanley Bank, N.A. (rated ‘A/F1′, Outlook Stable) with a
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Fitch to Upgrade Chicago Midway Airport 2nd Lien Revs, Taxable Ser 2010A-1 to ‘AA-/F1+’
Fitch to Rate MTA, NY’s Dedicated Tax Fund Bonds, Series 2008A-1 & 2008A-2 ‘AA+/F1′
NEW YORK–(BUSINESS WIRE)–On the effective date of June 22, 2011, Fitch Ratings will assign a rating of ‘AA+/F1′ with a Negative Outlook to the $347,665,000 Metropolitan Transportation Authority, NY dedicated tax fund variable rate refunding bonds, series 2008A consisting of series 2008A-1 and series 2008A-2. The long-term rating is determined using Fitch’s dual-party pay criteria and is based jointly on the underlying rating assigned to those bonds by Fitch (currently rated ‘AA-’, Negative Out
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Fitch to Rate MTA, NY’s Dedicated Tax Fund Bonds, Series 2008A-1 & 2008A-2 ‘AA+/F1′
Fitch to Upgrade L-T to ‘AAA’ & Downgrade S-T to ‘F1′ on NYC GOs, Fiscal 2004, Ser A, Subser A-3
NEW YORK–(BUSINESS WIRE)–On the effective date of June 29, 2011, Fitch Ratings will upgrade the long-term rating to ‘AAA’ and downgrade the short-term rating from ‘F1+’ to ‘F1′ for the $100,000,000 the city of New York (the city), general obligation bonds, fiscal 2004, subseries A-3. The rating action is in connection with the substitution of the irrevocable standby letter of credit (LOC) supporting subseries A-3 currently provided by BNP Paribas (currently rated ‘AA-/F1+’, Stable Outlook) wit
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Fitch to Upgrade L-T to ‘AAA’ & Downgrade S-T to ‘F1′ on NYC GOs, Fiscal 2004, Ser A, Subser A-3
Fitch to Confirm S-T ‘F1+’ on Northwest ISD (TX) Variable-Rate Ultd Tax School Bldg Bonds, Ser 2006
NEW YORK–(BUSINESS WIRE)–On the effective date of June 9, 2011, Fitch Ratings will confirm the short-term ‘F1+’ rating assigned to the $13,820,000 Northwest Independent School District (TX) variable-rate unlimited tax school building bonds, series 2006. The short-term rating action is in connection with the amending and restating of the Standby Bond Purchase Agreement (SBPA) originally provided by Wachovia Bank, National Association, with a new SBPA to be issued by Wells Fargo Bank, National A
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Fitch to Confirm S-T ‘F1+’ on Northwest ISD (TX) Variable-Rate Ultd Tax School Bldg Bonds, Ser 2006
