Fitch Affirms Alaska Housing Finance Corp’s General Mortgage Revs 2002A at ‘AAA’
NEW YORK–(BUSINESS WIRE)–Fitch Ratings affirms the ‘AAA’ rating on the $147 million Alaska Housing Finance Corporation’s (the corporation) general mortgage revenue bonds 2002A issued under the 1991 master indenture. The Rating Outlook is Stable. KEY RATING DRIVERS: –The rating assigned to these bonds reflects the strong level of credit support provided by the indenture’s reserve funds, which significantly increases the level of available assets and/or revenues to support program losses and de
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Fitch Affirms Alaska Housing Finance Corp’s General Mortgage Revs 2002A at ‘AAA’
Fitch Affirms and Withdraws National Rural’s ‘A-’IDR Ratings
CHICAGO–(BUSINESS WIRE)–Fitch Ratings has affirmed and withdrawn the long- and short-term Issuer Default Ratings (IDR) and issue ratings of National Rural Utilities Cooperative Finance Corporation. Fitch has decided to discontinue the rating, which is uncompensated. Fitch affirms and withdraws the following ratings: National Rural Utilities Cooperative Finance Corporation –IDR at ‘A-’; –Short-term IDR at ‘F1′; –Short-term debt at ‘F1′; –Senior secured at ‘A’; –Senior unsecured at ‘A-; –P
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Fitch Affirms and Withdraws National Rural’s ‘A-’IDR Ratings
Fitch Affirms Heinz’s IDRs at ‘BBB/F2′; Outlook Revised to Positive
CHICAGO–(BUSINESS WIRE)–Fitch Ratings has affirmed the ratings of H.J. Heinz Company (Heinz) and its subsidiaries as follows and revised the Outlook to Positive from Stable. H.J. Heinz Co. –Long-term Issuer Default Rating (IDR) at ‘BBB’; –Bank facilities at ‘BBB’; –Senior unsecured debt at ‘BBB’; –Short-term IDR at ‘F2′; –Commercial paper (CP) at ‘F2′. H.J. Heinz Finance Co. (HFC) –Long-term IDR at ‘BBB’; –Bank facilities at ‘BBB’; –Senior unsecured debt at ‘BBB’; –Series B Preferred
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Fitch Affirms Heinz’s IDRs at ‘BBB/F2′; Outlook Revised to Positive
Fitch Withdraws Ratings on WASI Finance Limited Partnership 2006-HES1
NEW YORK–(BUSINESS WIRE)–Fitch Ratings has withdrawn the ratings on 10 classes in WASI Finance Limited Partnership 2006-HES1. The transaction was called and all notes have been cancelled by the trustee, US Bank, N.A. Fitch has withdrawn the following ratings: WASI Finance Limited Partnership 2006-HES1 — Class M-6 (941034AC4) ‘CCsf/RR6′; — Class B-1A (941034AD2) ‘Csf/RR6′; — Class B-1B (941034AE0) ‘Csf/RR6′; — Class B-2 (WSISF9Q70) ‘Csf/RR6′; — Class B-3 (WSIKOYOS0) ‘Dsf/RR6′; — Class B-4
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Fitch Withdraws Ratings on WASI Finance Limited Partnership 2006-HES1
Fitch Affirms Kansas Development Finance Authority Revenue Bonds at ‘AA’; Outlook Stable
NEW YORK–(BUSINESS WIRE)–As part of its continuous surveillance efforts, Fitch Ratings affirms the ‘AA’ ratings on approximately $5.3 million of the following Kansas Development Finance Authority (KDFA) revenue bonds: –Kansas Board of Regents, comprehensive rehabilitation and repair project revenue bonds, series 1997G; –Kansas Board of Regents, comprehensive rehabilitation and repair project revenue bonds, series 2001F. The Rating Outlook is Stable. SECURITY The bonds are special, limited ob
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Fitch Affirms Kansas Development Finance Authority Revenue Bonds at ‘AA’; Outlook Stable
Fitch Comments on GCO ELF Trust-I and GCO SLIMS Trust-I Rating Agency Notification
NEW YORK–(BUSINESS WIRE)–Fitch Ratings currently maintains ‘AAAsf/LS1′; Outlook Stable ratings on the outstanding senior notes and ‘A+sf/LS3′; Outlook Stable ratings on the outstanding subordinate notes issued from GCO Education Loan Funding Trust-I (GCO ELF Trust-I), and ‘Asf’; Outlook Stable ratings on the outstanding notes issued from GCO SLMIS Trust-I (collectively, the Notes). Fitch has been notified that EFS Finance Co., LLC, an affiliate of National Education Loan Network, Inc. (Nelnet)
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Fitch Comments on GCO ELF Trust-I and GCO SLIMS Trust-I Rating Agency Notification
Fitch Updates Recovery Analysis for U.S. Telecommunications and Cable Companies
CHICAGO–(BUSINESS WIRE)–Fitch Ratings has published an updated recovery analysis for U.S. Telecommunication and Cable companies including the following: –Cincinnati Bell, Inc. –Level 3 Communications, Inc. –Mediacom LLC –Mediacom Broadband LLC The interactive recovery analysis worksheet is available at ‘www.fitchratings.com’ under the following headers: Sectors> > Corporate Finance > > Corporates > > Research Additional information is available at ‘www.fitchratings.com’ Appli
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Fitch Updates Recovery Analysis for U.S. Telecommunications and Cable Companies
Fitch: U.S. High Yield & Leveraged Loan Markets Start 2Q Strong But Give Way to Economic Uncertainty
CHICAGO–(BUSINESS WIRE)–Strong activity in both the U.S. high yield and leveraged loan markets in April and May gave way to a steep pullback in June. Uncertainties in Europe and disappointing U.S. economic results caused issuers and investors to pause and re-evaluate risk, according to Fitch Ratings’ ‘U.S. Leveraged Finance Quarterly.’ However, U.S. corporations remain well-positioned to ride out the political and economic uncertainties that continue to dominate the headlines. Margin improveme
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Fitch: U.S. High Yield & Leveraged Loan Markets Start 2Q Strong But Give Way to Economic Uncertainty
Fitch Rates Oklahoma DFA’s $19.27MM Lease Revs ‘AA’; Outlook Stable
NEW YORK–(BUSINESS WIRE)–Fitch Ratings assigns an ‘AA’ rating to the following lease revenue bonds of the Oklahoma Development Finance Authority (ODFA): –$10.705 million Oklahoma State System of Higher Education master real property lease revenue bonds, tax-exempt series 2011B; — $8.565 million Oklahoma State System of Higher Education master real property lease revenue bonds, taxable series 2011C. The bonds are expected to sell via negotiation on July 26, 2011. In addition, Fitch affirms th
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Fitch Rates Oklahoma DFA’s $19.27MM Lease Revs ‘AA’; Outlook Stable
Fitch Downgrades Lynwood Public Financing Authority CA’s Lease Revs to ‘BBB+’; Outlook Stable
SAN FRANCISCO–(BUSINESS WIRE)–In the process of routine surveillance, Fitch Ratings has downgraded Lynwood Public Finance Authority, California’s bonds as follows: –$5.7 million lease revenue refunding bonds (public capital improvement project), series 2003A to ‘BBB+’ from ‘A’;–$9 million lease revenue bonds (civic center improvement project), series 2010A to ‘BBB+’ from ‘A’. Additionally, Fitch assigns an ‘A-’ implied general obligation rating. The Rating Outlook is Stable. KEY RATING DRIVE
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Fitch Downgrades Lynwood Public Financing Authority CA’s Lease Revs to ‘BBB+’; Outlook Stable
