Fitch Downgrades 263 ACA-Insured Issues - 1 of 2.Business Editors NEW YORK--(BUSINESS WIRE)--May 11, 2004 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. downgrades to 'BBB' from 'A' the long-term rating on 263 issues insured by ACA ACA - Application Control Architecture Financial Guaranty Corp. (ACA), following the downgrade of ACA's insurer financial strength rating earlier today. The Rating Watch is changed to Evolving from Negative, reflecting the earlier rating action. The downgrades do not affect any unenhanced ratings Fitch maintains for these issues. As a result, certain issues now carry unenhanced ratings higher than ACA's insurer financial strength rating. Affected Issues (ACA-Insured Maturities Only): -- Academica Charter Schools Finance LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (TN) (Academica Charter Schools Proj) finance LLC mtge ln rev bonds ser 2004A; -- Allegheny County Higher Education higher education Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art. Building Authority (PA) (Robert Morris College RMC sports teams use the Eagle mascot and the school has one of the largest athletic programs in the state, including basketball, cross country, track, soccer, volleyball, tennis, softball, baseball, bowling, golf, hockey and dance. ) college rev rfdg bonds ser 1998A; -- Allentown Area Hospital Authority (PA) (Sacred Heart Hospital This article is about the fictional hospital on Scrubs. For other uses, see Sacred Heart Hospital (disambiguation). Sacred Heart Hospital is the setting of the American sitcom Scrubs. ) hosp rev bonds; -- Area Cooperative Educational Services (CT) (Staff Development/Administration Facility) GO bonds; -- Austin Higher Education Authority The Higher Education Authority[1] (HEA) is the authority in Ireland with responsibility for higher education since 1968 and placed on a statutory basis in 1971. The authority supports HEAnet, part of the GEANT network. , Inc. (TX) (Saint Edward's University Project) university rev bonds ser 1998; -- Azusa Pacific University External links
-- Beaver County Beaver County is the name of three counties in the United States:
Electric Illuminating Co. Beaver Valley Project) secured collat pollution control rev rfdg bonds ser 1995A (unenhanced: 'BBB'); -- Bedford Park Bedford Park is the name of several places around the world:
-- Bedford Park (IL) wtr rev bonds ser 2000B; -- Belmont County (OH) (East Ohio Regional Hospital) health sys rfdg & improv A multidimensional Windows spreadsheet from Lotus that allows for easy switching to different views of the data. Data are referenced by name as in a database, rather than the typical spreadsheet row and column coordinates. Improv was originally developed for the NeXt computer. rev bonds ser 1998 (unenhanced: 'BB', Rating Outlook Stable); -- Berks County Municipal Authority (PA) college rev bonds ser 1997; -- Bessemer (AL) (Academy Drive Public Facilities No. 1) rev bonds ser 2003; -- Birmingham Educational Building Authority (AL) (Miles College Miles College is a Historically Black College (HBCU) founded in 1905. Located in Fairfield, Alabama, it is a private liberal arts institution of the CME Church. Miles College offers degrees in Education, Business, Biology, and in various sciences. ) tuition rev bonds ser 1998; -- Bishop International Airport Authority (MI) airport rev bonds ser 1999-B; -- Brazos River Authority The Brazos River Authority was created in 1929 by the Texas Legislature as a quasi-governmental entity to manage the Brazos River as a water resource in Texas.[1] (TX) (TXU TXU Texas Utilities (Electric and Gas Company) TXU Transmitter Unit Energy Co, LLC) pollution control rev rfdg bonds ser 1995C (unenhanced: 'BBB'); -- Brevard County Health Facilities Authority (FL) (Retirement Housing Foundation Obligated ob·li·gate tr.v. ob·li·gat·ed, ob·li·gat·ing, ob·li·gates 1. To bind, compel, or constrain by a social, legal, or moral tie. See Synonyms at force. 2. To cause to be grateful or indebted; oblige. Group-Courtenay Springs Village Project) rev & rfdg bonds ser 1998; -- California Health Facilities Financing Authority (CA) (Catholic Healthcare West Catholic Healthcare West (CHW) is a California not-for-profit public benefit corporation that operates hospitals in California, Arizona, and Nevada[1]. As such, it is exempt from federal and state income taxes. ) health facil rev bonds ser 1998A (unenhanced: 'BBB+', Rating Outlook Positive); -- California Infrastructure & Economic Development Bank (CA) (Stockton Port District Project) rev bonds ser 2001; -- California Infrastructure & Economic Development Bank (CA) (The American Center The American Center is a high-rise tower in Southfield, Michigan. It was built in 1975 and stands at 26 floors, with one basement floor, for a total of 27. The building's main use is that of a typical office tower. It also includes a parking garage and retail spaces. for Wine, Food, & The Arts Project) rev bonds ser 1999; -- California Pollution Control Financing Authority (CA) (Sacramento Biosolids biosolids Sewage sludge, the residues remaining from the treatment of sewage. For use as a fertilizer in agricultural applications, biosolids must first be stabilized through processing, such as digestion or the addition of lime, to reduce concentrations of heavy metals and Facility Project) solid waste disposal rev bonds ser 2002A; -- California Pollution Control Financing Authority (CA) (Sacramento Biosolids Facility Project) solid waste disposal rev bonds ser 2002B; -- California Statewide Communities Development Authority (CA) (EAH-East Campus Apartments, LLC-UC Irvine Project)) student hsg rev bonds ser 2002B; -- California Statewide Communities Development Authority (CA) (EAH-East Campus Apartments, LLC-UC Irvine Project), Series 2002A) student hsg rev bonds ser 2002A; -- California Statewide Communities Development Authority (CA) (Retirement Housing Foundation California Corp.) tax-exempt ctfs & tax ctfs; -- California Statewide Communities Development Authority (CA) COPs taxable (SAVRS SAVRS SYSOUT Accumulation Viewing Retrieval System (Method to view and retrieve report via terminal) SAVRS Saudi Arabia Vehicle Registration System ); -- California Statewide Communities Development Authority (CA) COPs tax-exempt (SAVRS); -- Calipatria Unified School District A unified school district is a school district which includes both primary school (kindergarten through middle school or junior high) and high school (grades 9-12). In Illinois, these districts are called unit school districts. (CA) (Election of 1995) GO bonds ser 2000B; -- Calipatria Unified School District (CA) (Election of 1995) GO bonds ser 2002C; -- Camden County Camden County can refer to:
Systerm Obligated Group Issue) health care redevel proj rev bonds ser 1997; -- Castleberry Independent School District Castleberry Independent School District is a public school district located in River Oaks, Texas (USA). In addition to River Oaks, the city of Sansom Park and a small portion of Fort Worth lie within the district. Covering an area of approximately 5. Public Facility Corp. (TX) sch facil lease rev bonds ser 1998; -- Central Platte Valley Metropolitan District (CO) GO bonds ser 1999; -- Chicago (IL) (Read-Dunning Redevelopment Project) tax increment allocation bonds ser 1996B; -- Clarion County Hospital Authority (PA) (Clarion Hospital Project) hosp rev rfdg bonds ser 1997; -- Clark County Clark County is the name of twelve counties in the United States of America:
bonds ser 1995A; -- Clark County (NV) (Nevada Power Co.) pollution control rfdg rev bonds; -- Clarksville (IN) (Retirement Housing Foundation Obligated Group-Westminster Village Kentuckiana Project) rev & rfdg bonds ser 1998; -- Clearwater Housing Authority (FL) (The Hamptons at Clearwater) hsg rev rfdg bonds ser 1997; -- Cleveland Electric Illuminating Co. secured notes ser D (unenhanced: 'BBB'); -- Cleveland Independent School District Cleveland Independent School District is a public school district based in Cleveland, Texas (USA). In addition to Cleveland, the district serves the cities of North Cleveland and Plum Grove as well as portions of San Jacinto and Montgomery counties. (TX) lease rev bonds ser 1996 (unenhanced: 'BBB+'); -- Coffee County Hospital Authority (GA) rev antic ctfs ser 1997B; -- Colorado Health Facilities Authority (CO) (National Jewish Medical & Research Center Project) health facil rev bonds ser 1998 (unenhanced: 'BBB', Rating Outlook Stable); -- Colorado Health Facilities Authority (CO) (National Jewish Medical & Research Center) health facil rev bonds ser 1998 (unenhanced: 'BBB', Rating Outlook Stable); -- Colorado Health Facilities Authority (CO) (National Jewish Medical Center Project) health facil rev bonds ser 1998 (unenhanced: 'BBB', Rating Outlook Stable); -- Colorado Health Facilities Authority (CO) (Vail Valley Medical Center Project) health facils authority rev bonds ser 1995A; -- Colorado Health Facilities Authority (CO) (Vail Valley Medical Center Project) rev bonds ser 1995A; -- Commonwealth Ports Authority (Northern Mariana Islands Northern Mariana Islands (märēä`nä), commonwealth associated with the United States (2005 est. pop. 80,400), c.185 sq mi (479 sq km), comprising 16 islands (6 inhabited) of the Marianas chain (all except Guam), in the W Pacific ) (MP) GO bonds ser 2000A; -- Connecticut Health & Educational Facilities Authority (CT) (Griffin Hospital) rev bonds ser A (unenhanced: 'BBB', Rating Outlook Stable); -- Connecticut Health & Educational Facilities Authority (CT) (Hospital for Special Care Issue) health care rev bonds ser 1997B; -- Connecticut Health & Educational Facilities Authority (CT) (Hospital for Special Care Issue) rev bonds ser B; -- Connecticut Health & Educational Facilities Authority (CT) (University of Hartford Issue) rev bonds ser D; -- Connecticut Health & Educational Facilities Authority (CT) (University of New Haven The University of New Haven is a private, comprehensive, coeducational university located in suburban West Haven, Connecticut that was originally founded in 1920 as the New Haven Junior College (a division of Boston's Northeastern University). Issue) rev bonds ser D; -- Connecticut Health & Educational Facilities Authority (CT) (Windham Community Memorial Hospital Issue) rev bonds ser 1996C (unenhanced: 'BB+', Rating Outlook Negative); -- Connecticut, State of (CT) (Bradley International Airport Coordinates:
) special oblig pkg rev bonds ser 2000A; -- Connecticut, State of (CT) (Bradley International Airport) special oblig pkg rev bonds ser 2000B; -- Connector 2000 Association, Inc. (SC) (Southern Connector Project, Greenville, SC) toll road rev bonds; -- Courtland (AL) GO warrants ser 1999A; -- Crawford Education Facilities Corp. (TX) (Weatherford College Weatherford College is a college located in Weatherford, Texas. History In 1921, Weatherford College was reorganized as a junior college, offering college courses leading to the Associate of Arts degree as well as several high school courses leading to a high school Proj) student hsg rev bonds ser 2004A; -- Crawford Education Facilities Corp. (TX) (Weatherford College Proj) student hsg rev bonds ser 2004B; -- Crossville Board of Health and Educational Facilities (TN) (Uplands Retirement Village Project) rev bonds ser 1997A; -- Cumberland County Cumberland County may refer to: In Australia:
Homes, Inc. Project) rev bonds ser 1996; -- Delaware County Delaware County is the name of six counties in the United States of America:
Obligated Group) hosp rev bonds ser 1998; -- Delaware Economic Development Authority (DE) (Gilpin Hall) 1st mtge rev rfdg bonds ser 1998; -- Denison Hospital Authority (TX) (Texoma Medical Center Project) hosp rev bonds; -- Denver Health & Hospital Authority (CO) healthcare rev bonds ser 1998A; -- Denver Health & Hospital Authority (CO) healthcare rev bonds ser 2001A; -- Detroit Local Development Finance Authority (MI) tax increment sub bonds ser 1998A; -- Dickinson County Dickinson County is the name of three counties in the United States:
ser 1999 (unenhanced: 'BBB-', Rating Outlook Negative); -- Duarte (CA) (City of Hope National Medical Center City of Hope is one of 39 NCI-designated Cancer Centers and is located in the city of Duarte, California. City of Hope comprises an ambulatory and in-patient cancer treatment center as well as a biomedical research facility known as the Beckman Research Institute and the City of Hope ) COPs ser 1999A (unenhanced: 'A-', Rating Outlook Stable); -- Duarte (CA) (City of Hope National Medical Center) COPs ser 1999B (unenhanced: 'A-', Rating Outlook Stable); -- E-470 Business Metropolitan District (CO) GO bonds ser 1999; -- Erie Higher Education Building Authority (PA) college rev rfdg bonds ser 1993A; -- Farmington (NM) (Public Service Company of 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). San Juan San Juan, city, Argentina San Juan (săn wän, Span. sän hwän), city (1991 pop. 353,476), capital of San Juan prov., W Argentina. It is a commercial and industrial center in an agricultural region. Project) pollution control rev rfdg bonds ser 1997D (unenhanced: 'BBB-', Rating Outlook Positive); -- Flint Hospital Building Authority (MI) (Hurley Medical Center) hosp rev bonds ser 2003 (unenhanced: 'BBB-', Rating Outlook Stable); -- Flint Hospital Building Authority (MI) (Hurley Medical Center) rev rental bonds ser 1998B (unenhanced: 'BBB-', Rating Outlook Stable); -- Flint Hospital Building Authority (MI) (Hurley Medical Center) rev rfdg bonds ser 1998A (unenhanced: 'BBB-', Rating Outlook Stable); -- Franklin County (OH) (Friendship Village of Columbus, OH, Inc. Project) health care facils rev rfdg & improv bonds ser 1998 (unenhanced: 'BBB-', Rating Outlook Stable); -- Golden State Tobacco Securitization Securitization The process of creating a financial instrument by combining other financial assets and then marketing them to investors. Notes: Mortgage backed securities are a perfect example of securitization. May also be spelled as "securitisation. Corporation, 2003B (California) Bonds ser 2003B (unenhanced: 'BBB', Rating Watch Negative); -- Goleta National Bank Mortgage Loan Trust ser 1998-1; -- Goodyear Community Facilities General District No. 1 (AZ) GO bonds ser 2003; -- Goodyear Community Facilities Utilities District No. 1 (AZ) GO bonds ser 2003; -- Greene County (OH) (Marauder MARAUDER. One who, while employed in the army as a soldier, commits a larceny or robbery in the neighborhood of the camp, or while wandering away from the army. Merl. Repert. h.t. Development, LLC, at Central State University Project) taxable university hsg rev bonds ser 2002B; -- Greene County (OH) (Marauder Development, LLC, at Central State University Project) university hsg rev bonds ser 2002A; -- Gregg County Health Facilities Development Corp. (TX) (Good Shepherd Medical Center Project) hosp rev bonds ser 2002A (unenhanced: 'BBB', Rating Outlook Stable); -- Gregg County Health Facilities Development Corp. (TX) (Good Shepherd Medical Center Project) hosp rev bonds ser 2002B (unenhanced: 'BBB', Rating Outlook Stable); -- Grove City Area Hospital Authority (PA) (United Community Hospital Project) hosp rev bonds ser 1998; -- Halifax Hospital Medical Center (FL) (Halifax Management System, Inc. Project) health care facils rev bonds ser 1998A & 1998B; -- Hardeman County Correctional Facilities Corp. (TN) correctional facil rev bonds ser 1997; -- Hardeman County Correctional Facilities Corp. (TN) rev bonds; -- Harrison County Health Facilities Development Corp. (TX) (Marshall Regional Medical Center Project) hosp rev bonds ser 1998; -- Henderson (NV) (Catholic Healthcare West) health facil rev bonds ser 1998A (unenhanced: 'BBB+', Rating Outlook Positive); -- Hereford Independent School District Hereford Independent School District is a public school district based in Hereford, Texas (USA). The school mascot is the whiteface, which is named for the distinctive facial feature of the Hereford breed for which the school and city are named. Public Facility Corp. (TX) sch facil lease rev bonds ser 1998; -- Highlands Ranch Metropolitan District No. 3 (CO) GO bonds ser 1998A & 1998B; -- Highlands Ranch Metropolitan District No. 3 (CO) GO bonds ser 1999; -- Hillsdale Hospital Finance Authority (MI) (Hillsdale Community Health Center) hosp rev bonds ser 1998; -- Hobbs (NM) (Washington Park Apartments Project) multifamily hsg rfdg & improv bonds ser 2000B; -- Hobbs (NM) (Washington Place Apartments Project) multifamily hsg rfdg & improv bonds ser 2000A; -- Hutchinson (MN) tax medical facils gross rev bonds ser 1998; -- Idaho Health Facilities Authority (ID) (Idaho Elks Rehabilitation Hospital Project) hosp rev bonds ser 1998 (unenhanced: 'BBB+', Rating Outlook Stable); -- Illinois Educational Facilities Authority (IL) (Midwestern University) rev bonds ser 1998B; -- Illinois Health Facilities Authority (IL) (Midwest Physician Group Ltd.) rev rfdg bonds ser 1998 (unenhanced: 'BB', Rating Outlook Stable); -- Illinois, State of (IL) (Department of Central Management Services) real estate lease ctfs; -- Iowa Finance Authority (IA) (Boys & Girls Home & Family Services, Inc. Project) community provider rev bonds ser 1998; -- Kentucky Economic Development Finance Authority (KY) (Appalachian Regional Healthcare, Inc.) hosp system rfdg & improv rev bonds ser 1997 (unenhanced: 'BB+', Rating Outlook Stable); -- Kentucky Economic Development Finance Authority (KY) (Christian Church Homes of Kentucky, Inc. Obligated Group) health care facils rev bonds ser 1998; -- Kentucky Economic Development Finance Authority (KY) (Retirement Housing Foundation Obligated Group-Colonial Heights Project) rev & rfdg bonds ser 1998; -- Keokuk (IA) (Keokuk Area Hospital Project) hosp facil rev rfdg bonds ser 1998; -- Kitsap County Consolidated Housing Authority (WA) pooled hsg rfdg rev bonds ser 1998A; -- Lake of the Ozarks The Lake of the Ozarks is a large man-made reservoir created by impounding the Osage River in central Missouri in the northern part of the Ozarks. In addition, three smaller tributaries of the Osage which were also impounded include the Niangua River, the Grandglaize Creek, and Community Bridge Corp. (MO) bridge sys rfdg rev bonds ser 1998 (unenhanced: 'BBB-', Rating Watch Negative); -- Lake Ozark (MO) sewerage sys rfdg rev bonds ser 1998; -- Lapeer Tax Increment Finance Authority (MI) tax increment rev rfdg bonds; -- Las Vegas Paiute Tribe (NV) rev bonds ser 2002A; -- Las Vegas Paiute Tribe (NV) rev bonds ser 2002B; -- Lehigh County General Purpose Authority (PA) (KidsPeace Obligated Group) rev bonds; -- Manchester Housing & Redevelopment Authority (NH) capital appreciation rev bonds ser 2000B; -- Manchester Housing & Redevelopment Authority (NH) current interest rev bonds ser 2000A; -- Maricopa County Industrial Development Authority (AZ) (Catholic Healthcare West Project) health facil rev bonds ser 1998A (unenhanced: 'BBB+', Rating Outlook Positive); -- Maricopa County Industrial Development Authority (AZ) (Catholic Healthcare West) health facil rev bonds ser 1998A (unenhanced: 'BBB+', Rating Outlook Positive); -- Maricopa County Industrial Development Authority (AZ) (Horizon Community Learning Center Project) educ rev bonds ser 2000; -- Martin Luther Foundation, Inc. (FL) taxable corp bonds (SAVRS) ser 1998; -- Maryland Health & Higher Educational Facilities Authority (MD) (Green Acres School Issue) educ facils mtge rev bonds ser 1998; -- Massachusetts Development Finance Agency (MA) (Boston Architectural Center) rev bonds ser 1998; -- Massachusetts Development Finance Agency (MA) (Northern Berkshire Community Service, Inc.) rev bonds ser 1999A; -- Massachusetts Health & Educational Facilities Authority (MA) (East Concord Medical Foundation Issue) rev bonds ser A; -- Massachusetts Health & Educational Facilities Authority (MA) (Eye & Ear Infirmary) rev bonds ser B; -- Massachusetts Health & Educational Facilities Authority (MA) (Milford-Whitinsville Regional Hospital Issue) rev bonds ser C; -- Massachusetts Health & Educational Facilities Authority (MA) (Schepens Eye Research Institute Issue) rev bonds ser A; -- Massachusetts Industrial Finance Agency (MA) (Bradford College Issue) rev bonds ser 1998; -- McKean County Hospital Authority (PA) (Bradford Hospital Project) hosp rev bonds ser 1994; -- Mesa Industrial Development Authority (AZ) (ASU ASU Arizona State University (Tempe, AZ) ASU Appalachian State University ASU Arkansas State University ASU Angelo State University ASU Alabama State University ASU Australian Services Union East - Williams Campus Housing Improvment Project) student hsg rev bonds ser 2001; -- Mesa Industrial Development Authority (AZ) (ASU East/Maricopa County Community College District Williams Campus Project) rev bonds; -- Mesa Industrial Development Authority (AZ) (ASU East/Maricopa County Community College District Williams Campus Project) student hsg rev bonds ser 2001A; -- Miami Beach Health Facilities Authority (FL) (South Shore Hospital & Medical Center Project) hosp rev bonds ser 1998A; -- Miami Beach Health Facilities Authority (FL) (South Shore Hospital & Medical Center Project) hosp rev bonds ser 1998B. |
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