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Fitch Rates Primoris SPC Ltd.

NEW YORK -- Fitch assigns the following ratings to the notes issued by Primoris SPC 1. (business) SPC - Statistical Process Control. Something to do with quality management.

2. (body) SPC - Software Productivity Centre.
3. (company) SPC - Software Publishing Corporation.
4.
 Ltd.:

-- USD USD

In currencies, this is the abbreviation for the U.S. Dollar.

Notes:
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
 160,000,000 Series A1-7 floating-rate credit linked secured notes due 2014 'AAA';

-- EUR EUR

In currencies, this is the abbreviation for the Euro.

Notes:
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
 17,500,000 Series A2-7 floating-rate credit linked secured notes due 2014 'AAA';

-- JPY JPY

In currencies, this is the abbreviation for the Japanese Yen.

Notes:
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
 2,000,000,000 Series A3-7 floating-rate credit linked secured notes due 2014 'AAA';

-- CHF CHF

In currencies, this is the abbreviation for the Swiss Franc.

Notes:
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
 10,000,000 Series A5-7 floating-rate credit linked secured notes due 2014 'AAA';

-- USD 5,000,000 Series B1-7 floating-rate credit linked secured notes due 2014 'AA';

-- EUR 300,000 Series B2-7 floating-rate credit linked secured notes due 2014 'AA';

-- JPY 4,100,000,000 Series B3-7 floating-rate credit linked secured notes due 2014 'AA';

-- JPY 500,000,000 Series C3-7 floating-rate credit linked secured notes due 2014 'AA-';

-- JPY 1,000,000,000 Series E3-7 floating-rate credit linked secured notes due 2014 'A-';

-- JPY 1,000,000,000 Series D3-10 fixed-rate credit linked secured notes due 2017 'A';

-- USD 30,000,000 Series F1-10 floating-rate credit linked secured notes due 2017 'BBB'.

For more information, please see the new issue report titled, 'Primoris SPC Ltd.', available on the Derivative Fitch web site at www.derivativefitch.com.

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.derivativefitch.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. Fitch means Fitch, Inc., Fitch Ratings, Ltd. and their subsidiaries including Derivative Fitch, Inc. and Derivative Fitch Ltd. and any successor or successors thereto.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:May 9, 2007
Words:283
Previous Article:Tri-S Security Announces Results for the 1st Quarter Ended March 31, 2007.
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