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.

Wed May 27, 2009 11:25am EDT

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.