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Business Wire (Free subscription) | yesterday
NEW YORK--(BUSINESS WIRE)--As part of its ongoing surveillance efforts, Fitch Ratings affirms its 'AAA' rating on Cobb County Solid Waste Management Authority, Georgia's (the authority) approximately $12.4 million outstanding solid waste management authority revenue refunding bonds, series 2004. The Rating Outlook is Stable. The 'AAA' rating on the authority's series 2004 bonds reflects strong legal...
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Business Wire (Free subscription) | yesterday
NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns an 'AA+' rating to bank bonds corresponding to the following two series of New York City Transitional Finance Authority (TFA) bonds: --Future tax secured bonds fiscal 2003 series C-5; --New York City recovery bonds fiscal 2003 series B-2. The ratings are being assigned in conjunction with the substitution of liquidity facilities on the bonds, expected...
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Business Wire (Free subscription) | yesterday
NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the 'A' rating on the approximately $70.4 million Maryland Health and Higher Educational Facilities Authority revenue bonds (Union Hospital of Cecil County Issue), series 1998, 2002, and 2005, and $3.2 million in Town of Elkton, Maryland Economic Development revenue bonds (Union Hospital Facility), series 2000, issued on behalf of Union Hospital...
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Business Wire (Free subscription) | yesterday
SAN FRANCISCO--(BUSINESS WIRE)--Fitch Ratings assigns an 'AA-' rating to the Municipality of Anchorage, Alaska's (MOA) $50 million water revenue refunding bonds series 2009. Concurrently, Fitch affirms the 'AA-' rating on the district's outstanding parity water revenue bonds. The bonds are scheduled to price on Dec. 2, 2009. The Rating Outlook on the bonds is Stable. The 'AA-' rating reflects the water...
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Business Wire (Free subscription) | yesterday
CHICAGO--(BUSINESS WIRE)--Fitch Ratings affirms the 'A-' rating and underlying rating on approximately $20 million Wisconsin Health and Educational Facilities Authority revenue bonds, series 2003, 2004A and 2004B issued for Three Pillars Senior Living Communities. The Rating Outlook is Stable. The rating reflects Three Pillars' strong but reduced cash position, its Masonic affiliation and support,...
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iStockAnalyst.com (Free subscription) | yesterday
Prices of Treasury coupon securities are registering, on balance, modest changes in overseas trading. The massive wall of liquidity sloshing through the market has driven short rates lower while the longer maturities are unchanged. [More...]
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Financial Times (Free subscription) | yesterday
Savers chasing the best deal for their cash can now earn almost as much interest on instant access as from locking into a one-year fixed rate
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Financial Times (Free subscription) | 11/20/2009
Bank of America plans to sell $460m of commercial mortgage bonds backed by properties owned by Fortress Investment Group as this battered market begins to show signs of life, people familiar with the deal said
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Business Wire (Free subscription) | yesterday
NEW YORK--(BUSINESS WIRE)--In the course of routine surveillance, Fitch Ratings has downgraded Indianapolis-Marion County Public Library, Indiana's (the library) approximately $97.7 million outstanding unlimited tax general obligation (GO) bonds to 'AA' from 'AAA', consisting of the following issues: --$17.8 million unlimited tax, series 2007; --$25 million unlimited tax, series 2006; --$7.9 million...
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Business Wire (Free subscription) | yesterday
CHICAGO--(BUSINESS WIRE)--Fitch Ratings was notified of the intention to change the interest rate swap and basis swap counterparty (Novation) of Commodore CDO III Ltd./Inc (Commodore III) to Barclays Bank PLC (Barclays, rated 'AA-/F1+' with a Stable Rating Outlook by Fitch), from AIG Financial Products Corp (AIG FP, rated 'BBB/F1' with an Evolving Outlook). In reviewing the Novation documents, Fitch...
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Business Wire (Free subscription) | yesterday
NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns an 'AAA' rating to two series of State of Maryland general obligation (GO) qualified tax credit bonds, consisting of: --$50,320,000 qualified school construction bonds (QSCBs) of 2009 (tax credit bonds); --$5,563,000 qualified zone academy bonds (QZABs) of 2009 (CY 2007 federal allocation). The QSCBs will sell prior to Dec. 31, 2009; the QZABs will be...
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Business Wire (Free subscription) | yesterday
NEW YORK--(BUSINESS WIRE)--As part of routine surveillance, Fitch Ratings has affirmed the 'A-' rating on $580,000 in outstanding general obligation (GO) bonds and $30.26 million in outstanding combination tax and revenue certificates of obligation (COs) issued by the city of San Benito, Texas (the city). The Rating Outlook is Stable. The bonds and certificates are direct obligations of the city, payable...
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Business Wire (Free subscription) | yesterday
NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned an unenhanced 'A' rating to the following Georgia Development Authority pollution control revenue bonds to be issued on behalf of Oglethorpe Power Corporation (OPC): Development Authority of Heard County --$7.5 million (OPC Wansley Project), series 2009A. Development Authority of Monroe County --$10.9 million (OPC Scherer Project) series 2009A;...
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Business Wire (Free subscription) | yesterday
NEW YORK--(BUSINESS WIRE)--Fitch Ratings has published its U.S. CMBS Focus Performance Report on GS Mortgage Securities Corporation II, series 2006-GG8 (GSMS 2006-GG8). The report provides a detailed and up-to-date perspective on key credit characteristics of the GSMS 2006-GG8 transaction and property-level performance of the related trust loans. The report is available at 'www.fitchratings.com' under...
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Business Wire (Free subscription) | yesterday
NEW YORK--(BUSINESS WIRE)--Fitch Ratings has downgraded and removed from Rating Watch Negative 17 classes issued by MSC 2006-SRR2 as a result of significant negative credit migration of the commercial mortgage backed securities (CMBS) collateral within the reference portfolio. A complete list of rating actions follows at the end of this press release. Since Fitch's last rating action in January 2009,...
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