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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