Fitch Expects to Rate Synagro-Baltimore's Revenue Refunding Bonds 'BBB+'.
CHICAGO -- 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. expects to assign a rating of 'BBB+' with a Stable Outlook to Synagro-Baltimore LLC's (Synagro) proposed issuance of $26.15 million tax-exempt series 2008 A and taxable series 2008 B revenue refunding bonds refunding bond
A bond that is issued for the purpose of retiring an outstanding bond. Issuers refund bond issues to reduce financing costs, eliminate covenants, and alter maturities. See also crossover refunding bonds, prerefunding. (the bonds). The Maryland Industrial Development Financing Authority will issue the bonds on behalf of Synagro. The proceeds of the proposed issuance will be used to refinance existing indebtedness.
The Carlyle Group The of this article or section may be compromised by "weasel words".
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The Carlyle Group is a Washington, D.C. , through its subsidiary Synagro Technologies Inc., indirectly owns a 100% interest in Synagro.
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