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Fitch: SunTrust-Supported Issues Off Rating Watch.


Business Editors

NEW YORK--(BUSINESS WIRE)--Aug. 14, 2001

Following the removal of the Rating Watch Evolving status from SunTrust Bank's long-term Long-term

Three or more years. In the context of accounting, more than 1 year.


long-term

1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term.
 and short-term Short-term

Any investments with a maturity of one year or less.


short-term

1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time.
 ratings, Fitch fitch: see polecat. , the international rating agency, removes the Rating Watch from seven issues supported by SunTrust Bank letters-of-credit or liquidity facilities. The affected bonds are listed below. For additional information, see Fitch's press release dated Aug. 7, 2001.


--Dade County Health Facilities Authority (FL) (Miami
Children's Hospital), hosp rev bonds series 1995 (insured:
AMBAC) (liquidity facility: Sun Trust, Miami, N.A.)
'AAA/F1+';

--Gwinnett County Hospital Authority (GA) (Gwinnett
Hospital System, Inc. Proj), rev antic ctfs series 1997B
(insured: MBIA) (LOC: SunTrust Bank, Atlanta) 'AAA/F1+';

--Jacksonville (FL), capital proj rev bonds series 1997-1
(insured: Ambac) (liquidity facility: SunTrust Bank,
Central Florida, N.A.; Bank of Nova Scotia, NY; First
National Bank of Chicago) 'AAA/F1+';

--Jacksonville (FL), capital proj rev bonds series 1997-2
(insured: Ambac) (liquidity facility: SunTrust Bank,
Central Florida N.A., Bank of America, N.A., & Bank One,
N.A.) 'AAA/F1+';

--North Carolina Medical Care Commission (NC) (Catholic Health
East), health sys rev bonds series 1998D (insured: AMBAC) (liquidity
facility: SunTrust Bank) 'AAA/F1+';

--Orange County School Board Leasing Corp. (FL), COPs
series 2000B (insured: Ambac) (liquidity facility: SunTrust
Bank, N.A.) 'AAA/F1+';

--West Orange Healthcare District, (FL), var-rate demand rev bonds
series 1999B (LOC: SunTrust Bank, Central Florida) 'AA-/F1+'.
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Publication:Business Wire
Date:Aug 14, 2001
Words:230
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