TITLE

Fitch Lowers 3 With Manufacturers & Traders Trust LOCs

AUTHOR(S)
Walker, Susanne
PUB. DATE
April 2003
SOURCE
Bond Buyer;4/15/2003, Vol. 344 Issue 31615, p29
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Fitch Ratings Inc. has lowered its ratings on three municipal bond deals worth about $ 23 million that were backed by Manufacturers & Traders Trust Co.-supported letters ofcredit. The issues include California Infrastructure & Economic Development Bank variable-rate demand industrial development revenue bonds for the International Raisins Inc. Project, $3.75 million Series 2000A and $1 million Series B, which were loweredto A minus/F1 from A/F1. The third issue affected is an $18.3 million Lancaster, New York Industrial Development Agency civic facility revenue bond deal for the Greenfield Manor Project Inc., Series 2000.
ACCESSION #
9766448

 

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