Fitch: National Benevolent Association to 'DDD' from 'DD'.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Fitch Ratings Fitch Ratings An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. has revised the rating on National Benevolent Association's (NBA NBA abbr. 1. National Basketball Association 2. National Boxing Association NBA (US) n abbr (= National Basketball Association) → Basketball-Dachverband (= ) outstanding debt to 'DDD' from 'DD'. The ratings of obligations in this category are based on their prospects for achieving partial or full recovery in a reorganization or liquidation The collection of assets belonging to a debtor to be applied to the discharge of his or her outstanding debts. A type of proceeding pursuant to federal Bankruptcy of the obligor The individual who owes another person a certain debt or duty. The term obligor is often used interchangeably with debtor. obligor (ah-bluh-gore) n. . 'DDD' obligations have the highest potential for recovery, around 90%-100% of outstanding amounts and accrued interest Accrued Interest The interest that has accumulated on a bond since the last interest payment up to but not including the settlement date. There are two methods for calculating accrued interest: 1) 360-day year method, used for corporate and municipal bonds. . The rating revision is due to the proposed plan to repay bondholders 100% of principal plus accrued interest on NBA's outstanding debt. The repayment will come from the $210 million sale of NBA's 11 senior living facilities to Fortress NBA Acquisition LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . The proposed plan still needs to be approved by creditors and other parties, but is targeted to be in effect on Feb. 28. NBA has continued to provide notice of material events and financial information to the nationally recognized municipal securities information repositories. The following outstanding debt is rated by Fitch: --$9,650,000 Jacksonville Health Facilities Authority Industrial Development revenue bonds (NBA-Cypress Village Florida Project), series 2000A; --$10,080,000 Colorado Health Facilities Authority revenue bonds (NBA-Village at Skyline Project), series 2000C; --$9,390,000 Colorado Health facilities Authority revenue bonds (NBA-Village at Skyline Project), series 1999A; --$3,980,000 Oklahoma County Industrial Authority health care revenue bonds (NBA - Oklahoma Christian Home Project), series 1999; --$2,695,000 Health and Educational Facilities Authority of the State of Missouri health facilities refunding and improvement revenue bonds (NBA - Central Office Project), series 1999; --$15,145,000 Colorado Health Facilities Authority health facilities revenue bonds (NBA - Village at Skyline Project), series 1998B; --$10,715,000 Colorado Health Facilities Authority health facilities refunding revenue bonds (NBA - Multistate mul·ti·state adj. Of, relating to, or involving several states: a multistate environmental campaign. Issue), series 1998A; --$5,935,000 Iowa Finance Authority health facilities revenue bonds (NBA - Ramsey Home Project), series 1997; --$2,235,000 Oklahoma County Industrial Authority health care refunding revenue bonds (NBA - Oklahoma Christian Home Project), series 1997; --$2,160,000 Health and Educational Facilities Authority of the State of Missouri health facilities revenue bonds (NBA - Woodhaven Learning Center Project), series 1996A; --$625,000 Colorado Health Facilities Authority tax-exempt health facilities revenue bonds (NBA - Colorado Christian Home Project), series 1996A; --$2,650,000 Illinois Development Finance Authority health facilities revenue bonds (NBA - Barton W. Stone Barton Warren Stone was born on December 24 1772 to John and Mary Stone in Port Tobacco, Maryland. During his childhood he was exposed to the Church of England, Baptist, Methodist and Episcopal churches. Christian Home Project), series 1996; --$4,485,000 Colorado Health Facilities Authority tax-exempt health facilities revenue bonds (NBA - Village at Skyline Project), series 1995A; --$4,655,000 Jacksonville (FL) Health Facilities Authority industrial development revenue bonds (NBA - Cypress Village Florida Project), series 1994; --$3,645,000 Health and Educational Facilities Authority of the State of Missouri Health facilities revenue bonds (NBA - Lenoir Retirement Community Project), series 1994; --$8,015,000 Jacksonville (FL) Health Facilities Authority industrial development revenue bonds (NBA - Cypress Village Florida Project), series 1993; --$23,950,000 Jacksonville (FL) Health Facilities Authority revenue refunding bonds (NBA - Cypress Village Florida Project), series 1992; --$22,590,000 City of Indianapolis, Indiana “Indianapolis” redirects here. For other uses, see Indianapolis (disambiguation). Indianapolis (IPA: [ˌɪndiəˈnæpəlɪs]) is the capital city of the U.S. economic development refunding and improvement revenue bonds (NBA - Robin Run Village Project), series 1992; --$4,485,000 Industrial Development Authority of Cass County, Missouri Cass County is a county located in the U.S. state of Missouri. As of 2000, the population was 82,092. Its county seat is Harrisonville6. The county was organized in 1835 as Van Buren County, renamed in 1848 after Michigan U.S. industrial revenue refunding bonds (NBA - Foxwood Springs Living Center Project), series 1992; --$1,850,000 Bexar County (TX) Health Facilities Development Corp. tax-exempt health facilities revenue bonds (NBA - Patriot Heights Project), series 1992B. |
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