Fitch Rates Minnesota Office of Higher Education Bond Issue.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 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. has assigned ratings to the following supplemental student loan program revenue bonds issued by the Minnesota Office of 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. : --$70,000,000 tax exempt 2006 series 'AAA'; Fitch also confirms the following: --$61,200,000 taxable 1999 series A bonds 'AAA'; --$68,200,000 taxable 2002 series A bonds 'AAA'; --$27,100,000 tax exempt 2002 series B bonds 'AAA'; --$64,700,000 taxable 2003 series A bonds 'AAA'; --$10,300,000 tax exempt 2003 series B bonds 'AAA'; --$67,000,000 taxable 2004 series A bonds 'AAA'; --$88,500,000 tax exempt 2004 series B bonds 'AAA'; --$30,000,000 taxable 2005 series A bonds 'AAA'; --$70,000,000 tax exempt 2005 series B bonds 'AAA'; Fitch assigns 'AAA' ratings to the above series 2006 supplemental student loan program revenue bonds. In addition, Fitch confirms the 'AAA' ratings on the above series 1999, 2002, 2003, 2004, and 2005 supplemental student loan program revenue bonds. The 'AAA' ratings are based on the support of a financial guaranty 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. Fitch rates MBIA Insurance Corporation's insurer financial strength 'AAA'. Minnesota Office of Higher Education (MOHE MOHE Ministry of Higher Education ), as successor to the Minnesota Higher Education Coordinating Board, is an executive branch agency of the State of Minnesota responsible for the coordination and administration of higher education programs among the various public and private institutions in the state. In addition to its private loan program, known as the Student Educational Loan Fund (SELF), MOHE manages financial aid programs for the state, including scholarship, grant, work study and reciprocity programs. 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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