Fitch Takes Various Rating Actions on Enhanced Variable Rate Muni Bonds (5/27/09)
* Reuters is not responsible for the content in this press release.
NEW YORK--(Business Wire)-- In connection with Fitch placing the 'AA' long-term Issuer Default Rating (IDR) of Banco Santander on Rating Watch Negative on Oct. 14, 2008, Fitch Ratings places the municipal bonds listed below, with letters of credit provided by Banco Santander, on Rating Watch Negative. --Health Facilities Development Corp of Central Texas (TX) (Sears Caprock Retirement Corporation) variable rate demand bonds series 2008A; --Health Facilities Development Corp of Central Texas (TX) (Sears Caprock Retirement Corporation) variable rate demand bonds series 2008B; --Iowa Finance Authority (IA) (Edgewater, A Wesley Active Life Community) variable rate demand revenue bonds series 2007C; --Iowa Finance Authority (IA) (Edgewater, A Wesley Active Life Community) variable rate demand revenue bonds series 2007E. Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site. Fitch Ratings, New York Eric V. Espino, +1-212-908-0574 Sarah Repucci, +1-212-908-0726 Media Relations Cindy Stoller, +1-212-908-0526 cindy.stoller@fitchratings.com Copyright Business Wire 2009
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.



Follow Reuters