Fitch Affs Jicarilla Apache Nation Bonds 'AAA'/'F1+'.Business Editors NEW YORK--(BUSINESS WIRE)--Oct. 20, 2003 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 affirmed the 'AAA' and 'F1+' ratings of Jicarilla Apache Jicarilla Apache refers to an Apache people currently living in New Mexico and speak a Southern Athabaskan language. The term jicarilla comes from Mexican Spanish meaning 'little basket'. Nation's bonds. The Rating Outlook is Stable. The Nation offered and placed privately two series of adjustable rate Adjustable rate Applies mainly to convertible securities. Refers to interest rate or dividend that is adjusted periodically, usually according to a standard market rate outside the control of the bank or savings institution, such as that prevailing on Treasury bonds or notes. bonds in 2002 which will be converted to a long-term adjustable rate mode and remarketed this month. Proceeds from the $59 million bond issuance are being used to fund a number of capital improvement projects. The Jicarilla Apache Nation is a federally recognized tribe with territories in northwest New Mexico New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S). , spanning 843,454 acres. The nation comprises approximately 3,500 members, a majority of which reside in the town of Dulce near the New Mexico-Colorado state line. |
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