Fitch Ratings Affirms WHC-IRS Trust Pass-Through Ctfs.Business Editors NEW YORK--(BUSINESS WIRE)--May 15, 2002 WHC-IRS Trust Pass-Through Certificates Pass-Through Certificates (PTCs) are instruments that evidence the ownership of two or more Equipment Trust Certificates. In other words, Equipment Trust Certificates may be bundled into a pass-through structure as a means of diversifying the asset pool and/or increasing the size , $101.2 class A is affirmed at 'AAA' by 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. . The rating affirmation follows Fitch's annual review of this transaction, which closed in May 1993. The certificates are currently collateralized by an assignment of rents on a 900,000 sf IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. building in Detroit, MI. Construction on the project began in 1993 and was completed in 1995. In May 1995, the government's 20-year lease became effective. The note payments are structured to fully amortize the loan amount by the end of the lease term. The rating of this transaction depends entirely on the rating of United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. government. |
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