Fitch: Prepay Commodity Transaction Teleconference Tomorrow at 12:30 p.m. EDT.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. will hold a teleconference to discuss highlights of its special report, entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: 'Prepay Transaction Emerging Trends' (published June 14, 2007), and to discuss additional new developments in the prepay pre·pay tr.v. pre·paid, pre·pay·ing, pre·pays To pay or pay for beforehand. pre·pay  ment n. market, including Fitch's
ongoing surveillance of these transactions. The teleconference will be
held tomorrow, Thursday, July 12, 2007 at 12:30 p.m. EDT EDTabbr. Eastern Daylight Time EDT Eastern Daylight Time EDT n abbr (US) (= Eastern Daylight Time) → hora de verano de Nueva York EDT . The call will be hosted by Karl Pfeil and Hiran Cantu of Fitch's Public Power team. A Q&A session will follow the remarks by the Fitch analysts. To participate in the teleconference, interested parties should call +1-877-241-2557 at least five minutes prior to the 12:30 p.m. EDT start time and give the title of the call 'Prepay Transaction Emerging Trends' or the call leader name 'Karl Pfeil, III.' To ensure there are sufficient telephone lines available, use internal conferencing See teleconferencing. capabilities, if possible, for multiple listeners at a single location. The special report is currently available on the Fitch Ratings web site at www.fitchratings.com under the 'U.S. Public Finance' tab and 'Special Reports'. The special report outlines the prominent common and different structuring characteristics of recent prepay commodity transactions and includes a detailed table that compares Fitch rated prepay transactions in the following four areas: 'Transaction and participant characteristics'; 'Credit components'; 'Reserve and collateral requirements'; and 'Bond redemption terms'. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the report, in the past year Fitch Ratings assigned ratings to 10 prepay credits aggregating more than $7 billion with several others expected to come to market over the next few months. In structuring current transactions, prepay participants choose from a growing menu of alternatives that best suit their collective needs. Each transaction generally appears the same, but upon closer scrutiny, they have several variations, some of which have credit implications or are important consideration for investors. This report is a follow-up to Fitch's initial publication on prepay transactions published on November 15, 2006 entitled 'Prepay Commodity Transactions' which provided substantial details on the background and working structure of prepay transactions, structural factors that determine credit risk allocation and the credit effect on utilities. A replay of the teleconference will be available starting two hours after the teleconference is completed and will be available until July 26 close of business. To listen to the teleconference replay, participants should call +1-800-642-1687. The conference ID number for the replay is '6815256.' Additionally, the teleconference will be archived on the Fitch web site. For the archive, interested parties can find the appropriate links at www.fitchratings.com. Click on the 'Fitch Events' button, and then click 'Teleconferences.' Fitch's rating definitions and the terms of use Terms of Use are rules set up by the owner of an intellectual property or service to govern how they may be legally used. In many cases, terms of service are used as a contractual agreement between a company and users of a service they provide. 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 Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental are also available from the 'Code of Conduct' section of this site. |
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