December 11, 2012 / 3:35 PM / 5 years ago

TEXT-Fitch rates Md. Transportation Authority 2012C 'AA+/F1+'

Dec 11 - Fitch Ratings assigns a rating of 'AA+/F1+', Outlook Stable, to the
$43,400,000 Maryland Transportation Authority variable rate passenger facility
charge revenue bonds, series 2012C Baltimore/Washington International Thurgood
Marshall Airport (Qualified Airport Bonds-AMT). The long-term rating is
determined using Fitch's dual-party pay criteria and is based jointly on the
underlying rating assigned to those bonds by Fitch (currently rated 'A', Outlook
Stable), and the support provided by the irrevocable direct-pay letter of credit
(LOC) issued by Wells Fargo Bank, N.A. (Wells Fargo; rated 'AA-/F1+', Outlook
Stable). The short-term 'F1+' rating is based solely on the LOC.Rating Guidelines for Letter of Credit-Supported BondsDual-Party Pay Criteria for Long-Term Ratings on LOC-Supported U.S. Public 
Finance BondsALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS.  
PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: 
here.  IN ADDITION, RATING 
DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S 
PUBLIC WEBSITE '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.

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 Time      US  User          Headline
 11/12/20  WN  Pam Niimi     FITCH RATES $43.4MM MARYLAND
 2         08  (NY Treasury  TRANSP AUTH PFC REVS, SERIES
 10:31:22  0   Desk)         2012C 'AA+/F1+'
 NEW YORK, December 11 (Fitch) Fitch Ratings assigns a rating of 'AA+/F1+',
Outlook Stable, to the $43,400,000 Maryland Transportation Authority variable
rate passenger facility charge revenue bonds, series 2012C Baltimore/Washington
International Thurgood Marshall Airport (Qualified Airport Bonds-AMT). The
long-term rating is determined using Fitch's dual-party pay criteria and is
based jointly on the underlying rating assigned to those bonds by Fitch
(currently rated 'A', Outlook Stable), and the support provided by the
irrevocable direct-pay letter of credit (LOC) issued by Wells Fargo Bank, N.A.
(Wells Fargo; rated 'AA-/F1+', Outlook Stable). The short-term 'F1+' rating is
based solely on the LOC.Rating Guidelines for Letter of Credit-Supported BondsDual-Party Pay Criteria for Long-Term Ratings on LOC-Supported U.S. Public
Finance BondsALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS.
PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK:
here. IN ADDITION, RATING
DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S
PUBLIC WEBSITE '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. NORMAL RATINGS Fitch Rates $43.4MM Maryland
Transp Auth PFC Revs, Series 2012C 'AA+/F1+' yes

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