Fitch Ratings: Prepay Transaction Teleconference Today, 11/29 2PM EST.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 -- In the past year, the capital market has seen increased activity in prepay pre·pay tr.v. pre·paid, pre·pay·ing, pre·pays To pay or pay for beforehand. pre·pay  ment n. commodity transactions. In 2006, there have been 8
prepay transactions involving more than $5 billion of tax-exempt debt.
Several others are expected to come to market over the next few months.
In conjunction with the recent release of a new report 'Prepay Commodity Transactions,' Fitch will hold a teleconference today, Nov. 29, 2006 at 2:00 p.m. EST P.M. also p.m. or p.m. abbr. post meridiem Usage Note: By definition, 12 a.m. to discuss various credit issues surrounding these highly structured transactions. The call will be hosted by Hiran Cantu of Fitch Rating's Public Power Team. Key topics to be addressed include: the background of prepay transactions, how prepay transaction typically work, Fitch's credit framework for prepay transactions, the type of stress scenarios Fitch uses to determine where the credit risk lies (Fitch's three-legged stool), and the credit effect on municipal utilities. In addition, the teleconference will summarize sum·ma·rize intr. & tr.v. sum·ma·rized, sum·ma·riz·ing, sum·ma·riz·es To make a summary or make a summary of. sum lessons learned from recent prepay transactions. A Q&A session will follow the remarks by the Fitch analysts. The report is currently 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, www.fitchratings.com, under the 'U.S. Public Finance' tab and 'Special Reports.' To participate in the teleconference, interested parties should call 877-241-2557 five minutes prior to the 2:00 p.m. EST start time and give the title of the call 'Prepay Transaction Teleconference,' or the call leader name, 'Hiran Cantu.' To ensure there are sufficient telephone lines available, use internal conferencing See teleconferencing. capabilities, if possible, for multiple listeners at a single location. If you would like to participate, e-mail pfconference.calls@fitchratings.com. A replay of the teleconference will be available starting today, Nov. 29 at 5:00 p.m. until Dec. 5 at 11:59 p.m. EST. To listen to the teleconference replay, participants should call 800-642-1687. The conference ID number for the replay is '2716363.' Additionally, the teleconference will be archived on the Fitch Ratings web site. Interested parties can find the appropriate link by selecting the 'Teleconferences' button, which is located under 'Fitch Events' on www.fitchratings.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.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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