Fitch Downgrades Enhanced Variable Rate Muni Bonds (6/24/09)

NEW YORK--(Business Wire)--
In connection with the downgrade of KeyBank N.A.'s long-term Issuer Default
Rating (IDR) to 'A-', Rating Outlook Negative, from 'A', on Rating Watch
Negative, Fitch Ratings has downgraded municipal bonds with letters of credit
provided by KeyBank N.A. to 'A-', Rating Outlook Negative.

The following bonds are downgraded to 'A-', Rating Outlook Negative from 'A',
Rating Outlook Stable:

--California Pollution Control Financing Authority (CA) (Ag Resources III, LLC
Project) variable-rate demand solid waste disposal revenue bonds series 2004;

--Loganville Christian Academy, Inc. (GA) adjustable-rate demand revenue bonds
(taxable) ser 2008;

--Washington Economic Development Finance Authority (WA) (Belina Interiors Inc.)
tax-exempt variable rate demand economic development revenue bonds series 2003F;

--Washington Economic Development Finance Authority (WA) (Belina Interiors Inc.)
tax-exempt variable rate demand economic development revenue bonds series 2008E;

--Washington Economic Development Finance Authority (WA) (Belina Interiors Inc.)
taxable variable rate demand economic development revenue bonds series 2003G;

--Washington Economic Development Finance Authority (WA) (Belina Interiors Inc.)
taxable variable rate demand economic development revenue bonds series 2008F.

The following bonds are downgraded to 'A-', Rating Outlook Negative from 'A',
Rating Outlook Positive:

--Illinois Finance Authority (IL) (The McKinley Foundation) variable rate demand
revenue bonds series 2007A;

--McKinley Foundation at University of Illinois (The) (NY) taxable variable-rate
demand bonds series 2007B.

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
Richard Park, 212-908-0289
Media Relations:
Cindy Stoller, 212-908-0526
cindy.stoller@fitchratings.com

Copyright Business Wire 2009