Fitch Discontinues SPA CBO, Ltd.'s Cls B & C Note Ratings.Business Editors NEW YORK--(BUSINESS WIRE)--June 17, 2002 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. discontinues the electronic web site posting of its ratings on the class B and C notes of SPA CBO CBO See: Collateralized Bond Obligation. , Ltd., based upon the representation that all of the class B notes are held by one holder and all of the class C notes are held by one holder. All future information regarding the class B notes and the class C notes will be provided to the issuers, the class B and class C noteholders, and the trustee. No rating action is warranted on the class B and C notes at the time of this action. The current ratings on the class B notes and the class C notes are as follows: SPA CBO, Ltd. --$13,000,000 class B second priority senior secured floating rate notes 'A'; --$17,000,000 class C third priority senior secured fixed rate notes 'BBB-'. Fitch fitch: see polecat. maintains the 'AAA' rating on the class A notes, which is based upon the financial guaranty As a verb, to agree to be responsible for the payment of another's debt or the performance of another's duty, liability, or obligation if that person does not perform as he or she is legally obligated to do; to assume the responsibility of a guarantor; to warrant. insurance policy provided by MBIA MBIA Montana Building Industry Association MBIA Municipal Bond Insurance Association MBIA Michigan Boating Industries Association MBIA Municipal Bond Investors Assurance MBIA Massachusetts Brain Injury Association MBIA Maryland Business Incubation Association Insurance Corporation. |
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