Fitch Downgrades 3 Hibernia National Bank Supported Issues.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Following the downgrades of Hibernia National Bank's senior unsecured ratings, Fitch downgrades the ratings on three issues supported by the bank. The ratings are also placed on Rating Watch Positive. Affected bonds and their ratings are listed below. For additional information, see the Fitch press release dated Nov. 16, 2005, and available on the 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. web site at www.fitchratings.com. --Louisiana Public Facilities Authority (LA) equipment & capital facilities pooled loan program revenue bonds series 2003B (LOC LOC - lines of code : Hibernia National Bank For other uses of "Hibernia", see Hibernia (disambiguation). Hibernia National Bank, founded in 1870, was a personal banking and commercial lending institution headquartered in New Orleans, Louisiana. ) to 'BBB/F2' from 'A-/F1'; Rating Watch Positive; --Louisiana Agricultural Finance Authority (LA) (Lacassine Syrup Mill Project) variable-rate demand revenue bonds series 2004 (LOC: Hibernia National Bank) to 'BBB/F2' from 'A-/F1'; Rating Watch Positive; --Caddo Parish Industrial Development Board, Inc. (LA) (Ivan Smith Properties, L.C. Project) adjusted-rate industrial development revenue bonds series 2004 (LOC: Hibernia National Bank) to 'BBB/F2' from 'A-/F1'; Rating Watch Positive. Fitch's rating definitions and the terms of use Terms of Use are rules set up by the owner of an intellectual property or service to govern how they may be legally used. In many cases, terms of service are used as a contractual agreement between a company and users of a service they provide. of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental are also available from the 'Code of Conduct' section of this site. |
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