Fitch Ratings Downgrades 966 Radian-Insured Issues (2 of 11).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 -- Following yesterday's rating downgrades of Radian ra·di·an n. Abbr. rad A unit of angular measure equal to the angle subtended at the center of a circle by an arc equal in length to the radius of the circle. Asset Assurance Inc. and subsidiaries, 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 downgraded the insured ratings on the following 966 municipal bond issues to 'A+' from 'AA' and revised the Rating Watch to Evolving from Negative. For more information, see the Sept. 5 press release ('Fitch Downgrades Radian's L-T Debt to 'A-', IFS to 'AA-' on Recessed re·cess n. 1. a. A temporary cessation of the customary activities of an engagement, occupation, or pursuit. b. The period of such cessation. See Synonyms at pause. 2. Merger') which is available on the Fitch Ratings web site at www.fitchratings.com. --Cinco Municipal Utility District No. 1 (TX) GO unlimited tax bonds series 2007 (insured: Radian Asset Assurance Inc.); --Cinco Municipal Utility District No. 14 (TX) GO unlimited tax bonds series 2004 (insured: Radian Asset Assurance Inc.); --Cinco Municipal Utility District No. 8 (TX) GO unlimited tax refunding Tax refund Money back from the government when too much tax has been paid or withheld from a salary. bonds series 2005 (insured: Radian Asset Assurance Inc.); --Clark County (NV) (University of Southern Nevada The University of Southern Nevada (USN) is a private, non-profit university located in the city of Henderson, Nevada with satellite campus located in South Jordan, Utah. It was founded by Dr. ) GO economic development revenue bonds series 2007 (insured: Radian Asset Assurance Inc.); --Clarksdale (MS) (Sewer & Wastewater Treatment System) revenue refunding bonds refunding bond A bond that is issued for the purpose of retiring an outstanding bond. Issuers refund bond issues to reduce financing costs, eliminate covenants, and alter maturities. See also crossover refunding bonds, prerefunding. series 2003 (insured: Radian Asset Assurance Inc.); --Cleveland (AL) water and sewer revenue bonds series 2006-A (insured: Radian Asset Assurance Inc.); --Cleveland (AL) water and sewer revenue bonds series 2006-B (insured: Radian Asset Assurance Inc.); --Cleveland-Cuyahoga County Port Authority (OH) (Regional Income Tax Agency (RITA RITA Cardiology A clinical trial–Randomized Intervention Treatment of Angina–comparing the outcome of PCTA vs CABG in Pts with angina. See Angina, Angioplasty, CABG, Percutaneous transluminal angioplasty. )) development revenue bonds series 2004 (insured: Radian Asset Assurance Inc.); --Clinton County Industrial Development Agency (NY) (Champlain Valley The Champlain Valley is a region of the United States around Lake Champlain in Vermont and New York. It is also the most heavily populated region in Vermont, broadly stretching eastward from the lake's shore to the spine of the Green Mountains. Physicians Hospital Medical Center Project) variable-rate Variable-rate A varible-rate agreement, as distinguished from a fixed-rate agreement, calls for an interest rate that may fluctuate over the life of the loan. The rate is often tied to an index that reflects changes in market rates of interest. demand civic facility revenue bonds series 2007B (insured: Radian Asset Assurance Inc.); --Clyde (OH) (Ohio Electric System) GO limited tax refunding bonds series 2004 (insured: Radian Asset Assurance Inc.); --Coalgate Public Works public works pl.n. Construction projects, such as highways or dams, financed by public funds and constructed by a government for the benefit or use of the general public. Noun 1. Authority (OK) utility system refunding Reimbursing funds in restitution or repayment. The process of refinancing or borrowing money, ordinarily through the sale of bonds, to pay off an existing debt with the proceeds derived therefrom. & capital improvement revenue bonds series 2007 (insured: Radian Asset Assurance Inc.); --Cobb County Development Authority (GA) (Presbyterian Village of Austell) variable rate demand revenue refunding & improvement bonds series 2004A (insured: Radian Asset Assurance Inc.); --Cobb County Development Authority (GA) (Presbyterian Village of Austell) variable rate demand revenue refunding & improvement bonds series 2004B (insured: Radian Asset Assurance Inc.); --Coffeyville (KS) GO elect utility system refunding bonds series 2004B (insured: Radian Asset Assurance Inc.); --Coffeyville (KS) GO water and sewer system Noun 1. sewer system - facility consisting of a system of sewers for carrying off liquid and solid sewage sewage system, sewage works facility, installation - a building or place that provides a particular service or is used for a particular industry; "the refunding bonds series 2004-A (insured: Radian Asset Assurance Inc.); --Colorado Educational & Cultural Facilities Authority (CO) (Ave Maria Ave Maria (ä`vā märē`ä) [Lat.,=hail, Mary], prayer to the Virgin Mary universal among Roman Catholics, also called the Ave, the Hail Mary, and the Angelic Salutation. School Project) revenue bonds series 2007 (insured: Radian Asset Assurance Inc.); --Colorado Educational & Cultural Facilities Authority (CO) (Regis University Campuses Regis University has several campuses throughout the state of Colorado. The main campus is located in northwest Denver at 50th and Lowell Boulevard. Other sites include: Aurora, Longmont, Colorado Springs, Denver Tech Center, Fort Collins and Interlocken at Broomfield. Project) revenue bonds series 2005 (insured: Radian Asset Assurance Inc.); --Colorado Health Facilities Authority (CO) (Boulder Boulder, city, United States Boulder, city (1990 pop. 83,312), seat of Boulder co., N central Colo.; inc. 1871. A Rocky Mountain resort and a suburb of Denver, it is the seat of the Univ. of Colorado (1876). Community Hospital Project) variable-rate hospital revenue bonds Hospital revenue bond A bond issued to finance construction of a hospital by a municipal or state agency. hospital revenue bond Tax-exempt debt issued by a city, county, state, or hospital authority with debt service guaranteed by hospital series 2003A (insured: Radian Asset Assurance Inc.); --Colorado Health Facilities Authority (CO) (Boulder Community Hospital Project) variable-rate hospital revenue bonds series 2003B (insured: Radian Asset Assurance Inc.); --Colorado Health Facilities Authority (CO) (Covenant Retirement Communities, Inc.); health facility revenue bonds series 2002A (insured: Radian Asset Assurance Inc.); --Colorado Health Facilities Authority (CO) (Longmont United Hospital Project) hospital revenue refunding bonds series 2006B (insured: Radian Asset Assurance Inc.); --Colorado Health Facilities Authority (CO) (Valley View Hospital Association Project) hospital revenue bonds series 2006A (insured: Radian Asset Assurance Inc.); --Colorado Health Facilities Authority (CO) (Valley View Hospital Association Project) hospital revenue bonds series 2006B (insured: Radian Asset Assurance Inc.); --Comanche County Hospital Authority (OK) (Comanche County Comanche County is the name of three counties in the United States:
--Comanche County Hospital Authority (OK) hospital revenue refunding bonds series 2004 (insured: Radian Asset Assurance Inc.); --Commerce City (Redevelopment Projects) revenue bonds series 2003A (insured: Radian Asset Assurance Inc.); --Commerce City (Redevelopment Projects) revenue bonds series 2003B (insured: Radian Asset Assurance Inc.); --Commerce City (Redevelopment Projects) revenue bonds series 2003C (insured: Radian Asset Assurance Inc.); --Connecticut Health & Educational Facilities Authority (CT) (Canterbury School Canterbury School (Connecticut) is a private, co-educational college preparatory lay-Catholic boarding school in New Milford, Connecticut. Canterbury School (Florida) is a private, co-educational college preparatory day school in Fort Myers, Florida. , Inc.); revenue bonds series B (insured: Radian Asset Assurance Inc.); --Connecticut Health & Educational Facilities Authority (CT) (Chase Collegiate School Chase Collegiate School is a private day school offering education for children from pre-kindergarten through grade 12. The 47-acre campus is located at 565 Chase Parkway in Waterbury, Connecticut. ) revenue bonds series A (insured: Radian Asset Assurance Inc.); --Connecticut Health & Educational Facilities Authority (CT) (Eastern Connecticut Connecticut, state, United States Connecticut (kənĕt`ĭkət), southernmost of the New England states of the NE United States. It is bordered by Massachusetts (N), Rhode Island (E), Long Island Sound (S), and New York (W). Health Network Issue) revenue bonds series C (insured: Radian Asset Assurance Inc.); --Connecticut Health & Educational Facilities Authority (CT) (Griffin Hospital) revenue bonds (ARS ARS In currencies, this is the abbreviation for the Argentine Peso. 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. ) series 2007C (insured: Radian Asset Assurance Inc.); --Connecticut Health & Educational Facilities Authority (CT) (Griffin Hospital) revenue bonds series 2007D (insured: Radian Asset Assurance Inc.); --Connecticut Health & Educational Facilities Authority (CT) (Griffin Hospital) revenue bonds series B (insured: Radian Asset Assurance Inc.); --Connecticut Health & Educational Facilities Authority (CT) (Hospital for Special Care Issue) revenue bonds series C (insured: Radian Asset Assurance Inc.); --Connecticut Health & Educational Facilities Authority (CT) (Hospital for Special Care Issue) revenue bonds series D (insured: Radian Asset Assurance Inc.); --Connecticut Health & Educational Facilities Authority (CT) (Lawrence & Memorial Hospital Issue) variable-rate demand revenue bonds series E (insured: Radian Asset Assurance Inc.); (liquidity facility: Fleet National Bank) --Connecticut Health & Educational Facilities Authority (CT) (Sacred Heart University Anthony J. Cernera, Ph.D., has been president of Sacred Heart University for 18 years. Sacred Heart University is known for its strong musical roots, and is well known for the Pioneer Bands. SHU is the second largest Catholic university in New England. Issue) revenue bonds series 1998E (insured: Radian Asset Assurance Inc.); --Connecticut Health & Educational Facilities Authority (CT) (University of Hartford Issue) revenue bonds series G (insured: Radian Asset Assurance Inc.); --Contra Costa County Public Financing Authority (CA) (Contra Costa Contra Costa can refer to:
In Australia:
In the law of trusts, the allocation of cash dividends earned by a stock that makes up the principal of a trust for a beneficiary usually means that the dividends will be treated as revenue bonds series 2007B (insured: Radian Asset Assurance Inc.); --Contra Costa County Public Financing Authority (CA) (Multiple Project Areas) tax allocation revenue bonds series 2003A (insured: Radian Asset Assurance Inc.); --Contra Costa County Public Financing Authority (CA) (Multiple Project Areas) tax allocation revenue bonds series A (insured: Radian Asset Assurance Inc.); --Contra Costa County Public Financing Authority (CA) tax allocation revenue bonds series 2003A (insured: Radian Asset Assurance Inc.); --Corcoran Hospital District (CA) (Election of 2005) GO bonds series A (insured: Radian Asset Assurance Inc.); --Corcoran Redevelopment Agency (CA) (Corcoran Industrial Sector Redevelopment Project) tax allocation bonds series 2004 (insured: Radian Asset Assurance Inc.); --Cordillera Metropolitan District (CO) GO refunding bonds series 2006B (insured: Radian Asset Assurance Inc.); --Cordillera Metropolitan District (CO) supplemental interest coupons series B (insured: Radian Asset Assurance Inc.); --Covington County (AL) GO warrants series 2005 (insured: Radian Asset Assurance Inc.); --Crawford County Community Unit School District No. 2 (IL) GO school bonds series 2005 (insured: Radian Asset Assurance Inc.); --Crosby (MN) GO improvement bonds series 2005A (insured: Radian Asset Assurance Inc.); --Crosby Municipal Utility District (TX) GO unlimited tax bonds series 2006 (insured: Radian Asset Assurance Inc.); --Cumberland County Municipal Authority (PA) (Lutheran Services Northeast/Tressler Lutheran Services Obligated ob·li·gate tr.v. ob·li·gat·ed, ob·li·gat·ing, ob·li·gates 1. To bind, compel, or constrain by a social, legal, or moral tie. See Synonyms at force. 2. To cause to be grateful or indebted; oblige. Group Project) revenue bonds series 2003D (insured: Radian Asset Assurance Inc.); --Cumberland County Municipal Authority (PA) (Lutheran Services Northeast/Tressler Lutheran Services Obligated Group Project) revenue bonds series 2007B (insured: Radian Asset Assurance Inc.); --Cumberland County Municipal Authority (PA) (Presbyterian Homes, Inc. Project) revenue bonds series 2003A (insured: Radian Asset Assurance Inc.); --Cumberland County Municipal Authority (PA) (Presbyterian Homes, Inc. Project) revenue bonds series 2005A (insured: Radian Asset Assurance Inc.); --Cumberland County Municipal Authority (PA) (Presbyterian Homes, Inc. Project) variable-rate revenue bonds series 2005B (insured: Radian Asset Assurance Inc.); --Cypress Hill Municipal Utility District No. 1 (TX) GO unlimited tax bonds series 2005 (insured: Radian Asset Assurance Inc.); --Cypress Hill Municipal Utility District No. 1 (TX) GO unlimited tax bonds series 2006 (insured: Radian Asset Assurance Inc.); --Cypress Hill Municipal Utility District No. 1 (TX) GO unlimited tax refunding bonds series 2004 (insured: Radian Asset Assurance Inc.); --Cypress Hill Municipal Utility District No. 1 (TX) GO unlimited tax refunding bonds series 2007 (insured: Radian Asset Assurance Inc.); --Daleville (AL) limited obligation school revenue warrants series 2004 (insured: Radian Asset Assurance Inc.); --Dallas (TX) (Financing Reinvestment Reinvestment Using dividends, interest and capital gains earned in an investment or mutual fund to purchase additional shares or units, rather than receiving the distributions in cash. 1. In terms of stocks, it is the reinvestment of dividends to purchase additional shares. Zone Number Two) tax increment To add a number to another number. Incrementing a counter means adding 1 to its current value. bonds series 2004 (insured: Radian Asset Assurance Inc.); --Dallas County Water & Sewer Authority (TX) revenue bonds series 2006 (insured: Radian Asset Assurance Inc.); --Daviess County (IN) (Daviess Community Hospital Project) economic development revenue refunding & improvement bonds series 2006 (insured: Radian Asset Assurance Inc.); --Dayton (OH) (Dayton International Airport James M. Cox Dayton International Airport (IATA: DAY, ICAO: KDAY), also referred to as simply Dayton International Airport, is a public airport located nine miles (14 km) north of the city of Dayton in Montgomery County, Ohio, USA. ) airport revenue & refunding bonds series 2003B (insured: Radian Asset Assurance Inc.); --Dayton (OH) (Dayton International Airport) airport revenue & refunding bonds series 2003C (insured: Radian Asset Assurance Inc.); --Dayton (OH) (Dayton International Airport) airport revenue improvement & refunding bonds series 2003A (insured: Radian Asset Assurance Inc.); --Delaware County Authority (PA) (Cabrini College Cabrini College is a coeducational Roman Catholic residential college in the Philadelphia metropolitan area of Radnor Township, Pennsylvania, founded by the Missionary Sisters of the Sacred Heart of Jesus in 1957. ) college revenue bonds series 2003 (insured: Radian Asset Assurance Inc.); --Delaware County Authority (PA) (Cabrini College) college revenue bonds series 2007 (insured: Radian Asset Assurance Inc.); --Delaware County Authority (PA) (Crozer-Chester Medical Center Obligated Group) hospital revenue bonds series 2005 (insured: Radian Asset Assurance Inc.); --Delaware County Authority (PA) (Eastern University) revenue bonds series 2006 (insured: Radian Asset Assurance Inc.); --Delaware County Authority (PA) (Elwyn, Inc. Project) fixed rate revenue bonds series 2005A (insured: Radian Asset Assurance Inc.); --Delaware County Authority (PA) (Elwyn, Inc. Project) variable-rate revenue (federally taxable) bonds series 2005B (insured: Radian Asset Assurance Inc.); --Delaware Health Facilities Authority (DE) (Nanticoke Memorial Hospital Project) revenue bonds series 2002A (insured: Radian Asset Assurance Inc.); --Denton County Fresh Water Supply District A fresh water supply district is in charge of fresh water supply to a defined area in the United States. No. 10 (TX) GO unlimited tax bonds series 2005 (insured: Radian Asset Assurance Inc.); --Denton County Fresh Water Supply District No. 10 (TX) GO unlimited tax bonds series 2005A (insured: Radian Asset Assurance Inc.); --Denton County Fresh Water Supply District No. 10 (TX) GO unlimited tax bonds series 2006 (insured: Radian Asset Assurance Inc.); --Denton County Fresh Water Supply District No. 11-A (TX) GO unlimited tax bonds series 2006 (insured: Radian Asset Assurance Inc.); --Denton County Fresh Water Supply District No. 6 (TX) GO unlimited tax utility system bonds series 2004 (insured: Radian Asset Assurance Inc.); --Denton County Fresh Water Supply District No. 6 (TX) GO unlimited tax utility system bonds series 2005 (insured: Radian Asset Assurance Inc.); --Denton County Fresh Water Supply District No. 8-B (TX) GO unlimited tax bonds series 2006 (insured: Radian Asset Assurance Inc.); --Denton County Fresh Water Supply District No. 8-B (TX) GO unlimited tax bonds series 2006A (insured: Radian Asset Assurance Inc.); --Denton County Fresh Water Supply District No. 8-C (TX) GO unlimited tax bonds series 2005 (insured: Radian Asset Assurance Inc.); --Denton County Fresh Water Supply District No. 8-C (TX) GO unlimited tax bonds series 2006 (insured: Radian Asset Assurance Inc.); --Denton County Fresh Water Supply District No. 9 (TX) GO unlimited tax bonds series 2005 (insured: Radian Asset Assurance Inc.); --Denton County Fresh Water Supply District No. 9 (TX) GO unlimited tax bonds series 2006 (insured: Radian Asset Assurance Inc.); --Denton County Fresh Water Supply District No. 9 (TX) GO unlimited tax bonds series 2006A (insured: Radian Asset Assurance Inc.); --Denton County Municipal Utility District No. 4 (TX) GO unlimited tax bonds series 2005 (insured: Radian Asset Assurance Inc.); --Denton County Municipal Utility District No. 4 (TX) GO unlimited tax bonds series 2005A (insured: Radian Asset Assurance Inc.); --Denton County Municipal Utility District No. 4 (TX) GO unlimited tax bonds series 2006 (insured: Radian Asset Assurance Inc.); --Denton County Road Utility District No. 1 (TX) road system unlimited tax bonds series 2002 (insured: Radian Asset Assurance Inc.); --Denton County Road Utility District No. 1 (TX) road system unlimited tax bonds series 2004 (insured: Radian Asset Assurance Inc.); --Denton County Road Utility District No. 1 (TX) road system unlimited tax refunding bonds series 2005 (insured: Radian Asset Assurance Inc.); --Denver West Metropolitan District (CO) GO refunding & improvement bonds series 2003 (insured: Radian Asset Assurance Inc.); --Deseriest Hot Springs (CA) judgment obligation bonds (insured: Radian Asset Assurance Inc.); --Dickson City (PA) (Dickson City Golf & Recreation Authority) guaranteed recreational facility Noun 1. recreational facility - a public facility for recreation recreation facility facility, installation - a building or place that provides a particular service or is used for a particular industry; "the assembly plant is an enormous facility" revenue bonds (insured: Radian Asset Assurance Inc.); --Dona Ana County (NM) (Community Administrative Facilities Project.) pilt revenue bonds series 2004A (insured: Radian Asset Assurance Inc.); --Dowdell Public Utility District (TX) GO unlimited tax bonds series 2005 (insured: Radian Asset Assurance Inc.); --Dutchess County Industrial Development Agency (NY) (Vassar Brothers Medical Center Facility) civic facility revenue bonds (STARS) series 2004 (insured: Radian Asset Assurance Inc.). 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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