Fitch Rates Maryland CDA's $120MM Residential Revs 'F1+'.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 -- Fitch assigns an 'F1+' rating to the Maryland Community Development Administration's (CDA (1) (Compact Disc Audio) The compact disc file extension that is seen on the computer in Explorer or some other file manager. CDA files are actually pointers to the locations of the individual tracks on the CD medium. See CD-DA. ) $120 million residential revenue bonds, series 2006 C and D. The short term 'F1+' rating on the bonds reflects the bond proceeds being invested in treasury securities with the corresponding maturities of the bonds. The bonds are to sell through negotiation this week, through a syndicate led by Ferris, Baker, Watts, Incorporated. The bonds are expected to close on or about Feb. 23, 2006. The 2006 series C and D bonds are on parity with all outstanding residential revenue bonds rated 'AA' by Fitch. For more information, see the Feb. 1 release ('Fitch Rates Maryland CDA's $180MM Residential Revs 'AA' '), available on the Fitch Ratings web site at www.fitchratings.com. CDA is a division of the state's Department of Housing and Community Development (DHCD DHCD Department of Housing & Community Development DHCD Deck Hatch Closed and Dogged ). 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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