Fitch Lowers 3 With Manufacturers & Traders Trust LOCs

Walker, Susanne
April 2003
Bond Buyer;4/15/2003, Vol. 344 Issue 31615, p29
Trade Publication
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.


Related Articles

  • Steel City's BBB Deal. Whalen, Robert // Bond Buyer;5/8/2006, Vol. 356 Issue 32376, p37 

    This article reports that Pittsburgh, Pennsylvania's general obligation municipal bonds received a BBB credit rating from Fitch Ratings. The rating and an outlook of "stable" also apply to outstanding general obligation debt of $766 million. Fitch cited the city's improved finances due to...

  • COLORADO: New LOC Raises Airport Issue. Williamson, Richard // Bond Buyer;10/16/2007, Vol. 362 Issue 32734, p9 

    The article reports on a bond rating given by the Fitch Ratings Ltd. to Denver, Colorado. The credit rating agency has upgraded the city's $49 million airport revenue refunding bonds Series 2002C to AA-plus from AA based on a new letter of credit. The bonds were formerly backed by Societe...

  • Manchester, N.H., GOs Downgraded to AA by Fitch.  // Bondbuyer.com;11/17/2014, p1 

    Fitch Ratings said it has downgraded Manchester, N.H.'s $122.5 million general obligation bonds to AA from AA-plus and $58.8 million school facilities revenue bonds to AA-minus from AA.

  • Clearfield, Utah, Upgraded to AA by Fitch.  // Bond Buyer;11/19/2014, Issue 34213, p1 

    Fitch Ratings said it has upgraded to AA from AA-minus Clearfield, Utah's $1.2 million sales tax revenue bonds series 2003 and implied general obligation bonds

  • Flitch Upgrades NYC GOs. Phillips, Ted // Bond Buyer;7/2/2007, Vol. 361 Issue 32662, p1 

    The article reports on the upgrade of New York City's general obligation credit rating to AA-minus with a stable outlook from A-plus by Fitch Ratings Inc. The upgrade of Fitch Ratings follows on the heels of Standard & Poor's upgrade to AA with a stable outlook from AA-minus on June 5, 2007. The...

  • Fitch Downgrades California GO Bonds to A-Minus. Saskal, Rich // Investment Dealers' Digest;6/26/2009, Vol. 75 Issue 25, p14 

    The article focuses on the negative outlook particularly an, A-minus credit rating received by California's general obligation bonds from Fitch Ratings Ltd. in San Francisco. The lower rate received by the state is based on the dimension of its financial and economic performance. The negative...

  • Shelby County, Tenn., Gets Outlook Boost Ahead of Sale. DeSue, Tedra // Bond Buyer;2/3/2006, Vol. 355 Issue 32312, p6 

    The article reports on Fitch Ratings' reversal of the outlook on Shelby County, Tennessee's debt from negative to stable. The county is planning to sell about $251 million of bonds. Moody's Investors Service and Standard and Poor's have also changed their credit outlook for the county to stable....

  • Fitch Downgrades Puerto Rico GO and Related Debt to BB. Slavin, Robert // Bond Buyer;2/12/2014, Vol. 123 Issue 34059, p1 

    The article mentions that financial rating provider Fitch Ratings Ltd. has downgraded Puerto Rico's general obligation and related debt bonds from BBB-minus to BB and mentions that downgrade does not affect bonds of Puerto Rico's Puerto Rico Sales Tax Corp. (COFINA) as of February 2014.

  • Fitch Upgrades Providence GO Credit To A From A-Minus, Citing Growth. Cataldo, Adam L. // Bond Buyer;8/30/2005, Vol. 353 Issue 32207, p3 

    Reports that Fitch Ratings Inc. has upgraded its general obligation bond rating on Providence County, Rhode Island. Basis of Fitch Ratings for the upgrade; Assessment of Fitch analyst Jessalynn Moro on the county's rating; Economic growth in the county.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics