Fitch Places Enhanced Variable Rate Muni Bonds on Rating Watch Negative (6/16/09)
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NEW YORK--(Business Wire)-- In connection with the long-term 'AA-' rating of the Branch Banking & Trust Company being placed on Rating Watch Negative on May 15, 2009, Fitch Ratings places the long-term ratings of the municipal bonds listed below that are supported by letters of credit provided by the Branch Banking & Trust Company on Rating Watch Negative. Fitch places the 'AA+' rating on the following bonds on Rating Watch Negative. The long-term rating on the municipal bonds is higher than the rating of the enhancement provider because of consideration given to Fitch's joint support methodology: -- Kentucky Economic Development Finance Authority (KY) (Ashland Hospital Corp dba King's Daughters' Medical Center Project) adjustable-rate medical center revenue refunding & improvement bonds series 2008A -- Kentucky Economic Development Finance Authority (KY) (Ashland Hospital Corp dba King's Daughters' Medical Center Project) adjustable-rate medical center revenue refunding & improvement bonds series 2008B Fitch places the 'AA-' rating on the following bonds on Rating Watch Negative: -- Butler County Hospital Authority (PA) (Butler Health System Project) variable rate hospital revenue bonds series 2009A -- Indiana Finance Authority (IN) (Clarian Health Partners, Inc.) hospital revenue refunding bonds series 2008A -- Indiana Finance Authority (IN) (Marquette Project) revenue bonds (non-AMT) series 2009A -- Indiana Finance Authority (IN) (Marquette Project) revenue bonds (non-AMT) series 2009B -- Indiana Health and Educational Facility Financing Authority (IN) (Clarian Health Obligated Group) revenue bonds series 2005C -- Indiana Health and Educational Facility Financing Authority (IN) (Clarian Health Obligated Group) revenue bonds series 2005D -- Maryland Health & Higher Educational Facilities Authority (MD) (Frederick Memorial Hospital Issue) revenue bonds series 2008 -- Maryland Health & Higher Educational Facilities Authority (MD) (Upper Chesapeake Health System Issue) revenue bonds series 2008B -- North Carolina Medical Care Commission (NC) (Deerfield Episcopal Retirement Community) 1st mortgage revenue refunding health care facilities series 2008B -- Orange County Health Facilities Authority (FL) (Presbyterian Retirement Communities, Inc. Project) variable-rate revenue bonds series 2006B -- Orange County Health Facilities Authority (FL) (Presbyterian Retirement Communities, Inc. Project) variable-rate revenue refunding bonds series 2006A -- South Carolina Jobs-Economic Development Authority (SC) (AnMed Health) hosp refunding revenue bonds series 2009A -- South Carolina Jobs-Economic Development Authority (SC) (AnMed Health) hosp refunding revenue bonds series 2009C -- South Carolina Jobs-Economic Development Authority (SC) (AnMed Health) hosp refunding revenue bonds series 2009D -- St. Petersburg Health Facilities Authority (FL) (Presbyterian Retirement Communities Project) variable rate demand revenue bonds series 2009 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 Cindy Stoller, +1-212-908-0526 (Media Relations) cindy.stoller@fitchratings.com Copyright Business Wire 2009
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