Fitch Ratings Downgrades 966 Radian-Insured Issues (5 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. --Harris County Municipal Utility District No. 49 (TX) waterworks waterworks: see water supply. & 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 combination unlimited tax & revenue bonds series 2006 (insured: Radian Asset Assurance Inc.); --Harris County Municipal Utility District No. 64 (TX) GO waterworks & sewer system combination unlimited tax & revenue bonds series 2005 (insured: Radian Asset Assurance Inc.); --Harris County Municipal Utility District No. 64 (TX) waterworks & sewer system combination unlimited tax & revenue bonds series 2003 (insured: Radian Asset Assurance Inc.); --Harris County Municipal Utility District No. 64 (TX) waterworks & sewer system combination unlimited tax & revenue bonds series 2004 (insured: Radian Asset Assurance Inc.); --Harris County Municipal Utility District No. 65 (TX) GO unlimited tax bonds series 2006 (insured: Radian Asset Assurance Inc.); --Harris County Municipal Utility District No. 71 (TX) GO unlimited tax bonds series 2005 (insured: Radian Asset Assurance Inc.); --Harris County Municipal Utility District No. 71 (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 2005A (insured: Radian Asset Assurance Inc.); --Harris County Municipal Utility District No. 86 (TX) GO waterworks & sewer system unlimited tax bonds series 2004 (insured: Radian Asset Assurance Inc.); --Harris County Municipal Utility District No. 86 (TX) GO waterworks & sewer system unlimited tax bonds series 2005 (insured: Radian Asset Assurance Inc.); --Harris County Municipal Utility District No. 96 (TX) GO unlimited tax bonds series 2006 (insured: Radian Asset Assurance Inc.); --Harris County Municipal Utility District No. 96 (TX) GO unlimited tax bonds series 2006A (insured: Radian Asset Assurance Inc.); --Harris County Municipal Utility District No. 96 (TX) GO unlimited tax bonds series 2007 (insured: Radian Asset Assurance Inc.); --Harris County Municipal Utility District No. 321 (TX) GO unlimited tax refunding bonds series 2007 (insured: Radian Asset Assurance Inc.); --Harris County Water Control & Improvement District No. 96 (TX) GO unlimited tax bonds series 2006 (insured: Radian Asset Assurance Inc.); --Haskell County Public Facilities Authority (OK) (Haskell County Haskell County is the name of several counties in the United States:
--Haskell County Public Facilities Authority (OK) (Haskell County Jail & Criminal Justice Facility) sales tax revenue bonds series 2006B (insured: Radian Asset Assurance Inc.); --Hawaii Department of Budget & Finance (HI) (Chaminade University of Honolulu Chaminade University of Honolulu is a private coeducational university in Honolulu, Hawai'i. Founded in 1955 by the Society of Mary, a Roman Catholic religious order also known as the Marianists, Chaminade is located in the historic Kaimuki district of Honolulu. ) special purpose revenue bonds series 2006 (insured: Radian Asset Assurance Inc.); --Hawaii Department of Budget & Finance (HI) (Hawaii Pacific Health Hawaii Pacific Health is a non-profit healthcare organization formed with the merger of three longtime Hawaii health systems, Wilcox Health, Kapi'olani Health, and Straub Clinic & Hospital. 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) special purpose revenue bonds series 2004B-1 (insured: Radian Asset Assurance Inc.); (liquidity facility: Bank of Nova Scotia Nova Scotia (nō`və skō`shə) [Lat.,=new Scotland], province (2001 pop. 908,007), 21,425 sq mi (55,491 sq km), E Canada. Geography ) --Hawaii Department of Budget & Finance (HI) (Hawaii Pacific Health Obligated Group) special purpose revenue bonds series 2004B-2 (insured: Radian Asset Assurance Inc.); (liquidity facility: Bank of Nova Scotia) --Hawaii Department of Budget & Finance (HI) (Mid-Pacific Institute  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . ) special purpose revenue bonds series 2006 (insured: Radian Asset Assurance Inc.); --Hays County Water Control & Improvement District No. 1 (TX) GO unlimited tax bonds series 2004 (insured: Radian Asset Assurance Inc.); --Hays County Water Control & Improvement District No. 1 (TX) GO unlimited tax bonds series 2005 (insured: Radian Asset Assurance Inc.); --Hempstead Village (NY) GO bonds series 2007 (insured: Radian Asset Assurance Inc.); --Hempstead Village (NY) GO public improvement bonds series 2004 (insured: Radian Asset Assurance Inc.); --Henry County Water Authority (AL) 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 2006 (insured: Radian Asset Assurance Inc.); --Hillsboro Hospital Facility Authority (OR) (Tuality Healthcare) 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 2001 (insured: Radian Asset Assurance Inc.); --Hillsboro Hospital Facility Authority (OR) (Tuality Healthcare) hospital revenue bonds series 2004 (insured: Radian Asset Assurance Inc.); --Hillside Village (IL) GO refunding bonds series 2005A (insured: Radian Asset Assurance Inc.); --Himalaya Water & Sanitation sanitation: see plumbing; sanitary science. District (CO) GO 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. & improvement bonds series 2005 (insured: Radian Asset Assurance Inc.); --Hinds County School District (MS) GO limited tax notes series 2006 (insured: Radian Asset Assurance Inc.); --Howard County (AR) sales & use tax bonds series 2007 (insured: Radian Asset Assurance Inc.); --Howard Lake (MN) GO sewer SEWER. Properly a trench artificially made for the purpose of carrying water into the sea, river, or some other place of reception. Public sewers are, in general, made at the public expense. Crabb, R. P. Sec. 113. revenue refunding bonds series 2005B (insured: Radian Asset Assurance Inc.); --Humboldt Waste Management Authority (CA) revenue bonds series 2005 (insured: Radian Asset Assurance Inc.); --Idaho Health Facilities Authority (ID) (Portneuf Medical Center Project) revenue bonds series 2005A (insured: Radian Asset Assurance Inc.); --Idaho Health Facilities Authority (ID) (Portneuf Medical Center Project) revenue bonds series 2005B (insured: Radian Asset Assurance Inc.); --Illinois Finance Authority (IL) (Beloit Memorial Hospital, Inc.); hospital revenue bonds series 2006A (insured: Radian Asset Assurance Inc.); --Illinois Finance Authority (IL) (City of Sparta Project) local government program revenue bonds series 2004 (insured: Radian Asset Assurance Inc.); --Illinois Finance Authority (IL) (Ingalls Memorial Hospital Ingalls Memorial Hospital is a general medical and surgical hospital located in Harvey, Illinois, a south suburb of Chicago, Illinois. Ingalls is a secular establishment and has no parent affiliation. ) revenue bonds series 2004 (insured: Radian Asset Assurance Inc.); --Illinois Finance Authority (IL) (Newman Foundation at the University of Illinois University of Illinois may refer to:
--Illinois Finance Authority (IL) (Riverside Health System Riverside Health System is an eastern Virginia health care system. Its medical centers are located in Tappahannock, VA, Gloucester, VA, and its main facility is in Newport News, VA. It also has many family medical centers throughout the Hampton Roads region. ) revenue bonds series 2006A (insured: Radian Asset Assurance Inc.); --Illinois Finance Authority (IL) (Riverside Health System) revenue bonds series 2006B (insured: Radian Asset Assurance Inc.); --Illinois Finance Authority (IL) (Riverside Health System) 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 revenue (PARS) bonds series 2004 (insured: Radian Asset Assurance Inc.); --Illinois Finance Authority (IL) (YMCA YMCA in full Young Men's Christian Association Nonsectarian, nonpolitical Christian lay movement that aims to develop high standards of Christian character among its members. of Southwest Illinois Project) capital improvement & revenue refunding bonds series 2005 (insured: Radian Asset Assurance Inc.); --Illinois Health Facilities Authority (IL) (Covenant Retirement Communities, Inc.); revenue bonds series 2002A (insured: Radian Asset Assurance Inc.); --Illinois Health Facilities Authority (IL) (OSF See Open Group. OSF - Open Software Foundation Healthcare System) revenue bonds series 2001 (insured: Radian Asset Assurance Inc.); --Inkster (MI) GO unlimited tax bonds series 2007 (insured: Radian Asset Assurance Inc.); --Inkster Brownfield See greenfield. Redevelopment Authority Noun 1. redevelopment authority - a public administrative unit given responsibility for the renovation of blighted urban areas administrative body, administrative unit - a unit with administrative responsibilities (MI) GO limited tax bonds series 2006 (insured: Radian Asset Assurance Inc.); --Interstate Municipal Utility District (TX) GO unlimited tax refunding bonds series 2007 (insured: Radian Asset Assurance Inc.); --Inverness Water & Sanitation District (CO) GO bonds series 2006A (insured: Radian Asset Assurance Inc.); --Inverness Water & Sanitation District (CO) GO variable-rate bonds series 2006B (insured: Radian Asset Assurance Inc.); --Iowa Finance Authority (IA) (Pella Regional Health Center Project) health facility revenue bonds series 2006 (insured: Radian Asset Assurance Inc.); --Iraan General Hospital (TX) GO hospital bonds series 2006 (insured: Radian Asset Assurance Inc.); --Irving Flood Control District Section I (TX) GO unlimited tax bonds series 2007 (insured: Radian Asset Assurance Inc.); --Irving Flood Control District Section I (TX) GO unlimited tax refunding bonds series 2004 (insured: Radian Asset Assurance Inc.); --Islands at Doral Community Development District (FL) special assessment refunding bonds series 2007 (insured: Radian Asset Assurance Inc.); --Jackson (MN) elect revenue bonds series 2006A (insured: Radian Asset Assurance Inc.); --Jackson (OH) (Holzer Consolidated Health Systems Obligated Group) hospital facility revenue refunding bonds series 2005 (insured: Radian Asset Assurance Inc.); (liquidity facility: JPMorgan Chase JPMorgan Chase (NYSE: JPM TYO: 8634 ) is one of the oldest financial services firms in the world. The company, headquartered in New York City, is one of the leaders in investment banking, financial services, asset and wealth management and private equity. With assets of $1. & Co.) --Jasper City Hospital Authority (IN) (Memorial Hospital & Health Care Center Project) hospital facility refunding revenue bonds series 2002 (insured: Radian Asset Assurance Inc.); --Jersey City Municipal Utilities Authority (NJ) sewer revenue refunding bonds series 2005B (insured: Radian Asset Assurance Inc.); --Jersey City Municipal Utilities Authority (NJ) water revenue refunding bonds series 2005A (insured: Radian Asset Assurance Inc.); --John C. Fremont Healthcare District (CA) sales tax refunding revenue bonds series 2005 (insured: Radian Asset Assurance Inc.); --Johnson City Health & Educational Facilities Board (TN) (Mountain States The Mountain States (also known as the Mountain West) form one of the nine geographic divisions of the United States that are officially recognized by the United States Census Bureau. Health Alliance) hospital first mortgage variable-rate revenue bonds series 2006B (insured: Radian Asset Assurance Inc.); --Johnson County (MO) (Western Missouri Medical Center) hospital refunding revenue bonds series 2006A (insured: Radian Asset Assurance Inc.); --Junction City (KS) Certificates of participation series 2006 (insured: Radian Asset Assurance Inc.); --Kankakee (IL) (Exit 308 Project) GO variable-rate demand bonds series 2003 (insured: Radian Asset Assurance Inc.); --Kaufman 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. 1-B (TX) GO limited tax road bonds series 2004 (insured: Radian Asset Assurance Inc.); --Kaufman County Fresh Water Supply District No. 1-C (TX) GO unlimited tax capital improvement & refunding bonds series 2005 (insured: Radian Asset Assurance Inc.); --Kaufman County Municipal Utility District No. 5 (TX) GO unlimited tax contract revenue bonds series 2007 (insured: Radian Asset Assurance Inc.); --Kaufman County Municipal Utility District No. 6 (TX) GO unlimited tax bonds series 2007 (insured: Radian Asset Assurance Inc.); --Kaufman County Municipal Utility District No. 7 (TX) GO unlimited tax bonds series 2007 (insured: Radian Asset Assurance Inc.); --Kenedy (TX) GO refunding bonds series 2003 (insured: Radian Asset Assurance Inc.); --Kenedy (TX) tax & waterworks & sewer system surplus revenue certificates of obligation (insured: Radian Asset Assurance Inc.); --Kern Valley Healthcare District (CA) refunding revenue bonds series 2003 (insured: Radian Asset Assurance Inc.); --Kewaskum (WI) GO refunding bonds (insured: Radian Asset Assurance Inc.); --Kewaskum (WI) waterworks system & sewerage sewerage, system for the removal and disposal of chiefly liquid wastes and of rainwater, which are collectively called sewage. The average person in the industrialized world produces between 60 and 140 gallons of sewage per day. system revenue bonds (insured: Radian Asset Assurance Inc.); --King County Housing Authority (WA) housing revenue bonds series A (insured: Radian Asset Assurance Inc.); --Kings Manor Municipal Utility District (TX) GO waterworks & sewer system combination unlimited tax & revenue bonds series 2003 (insured: Radian Asset Assurance Inc.); --Kings Manor Municipal Utility District (TX) GO waterworks & sewer system combination unlimited tax & revenue bonds series 2005 (insured: Radian Asset Assurance Inc.); --Kings Manor Municipal Utility District (TX) waterworks & sewer system combination unlimited tax & revenue bonds series 2004 (insured: Radian Asset Assurance Inc.); --Kings Manor Municipal Utility District (TX) waterworks & sewer system combination unlimited tax & revenue bonds series 2006 (insured: Radian Asset Assurance Inc.); --Kings Manor Municipal Utility District (TX) waterworks & sewer system combination unlimited tax & revenue refunding bonds series 2004 (insured: Radian Asset Assurance Inc.); --Kings Waste & Recycling recycling, the process of recovering and reusing waste products—from household use, manufacturing, agriculture, and business—and thereby reducing their burden on the environment. Authority (CA) solid waste disposal refunding revenue bonds series 2004 (insured: Radian Asset Assurance Inc.); --Klickitat County Public Hospital District No. 1 (WA) GO limited tax bonds series 2007 (insured: Radian Asset Assurance Inc.); --Knox County (KY) (Knox County There are nine counties named Knox County in the United States, all apparently named after Henry Knox:
--Knox County Health, Educational & Housing Facilities Board (TN) (Covenant Health) auction rate hospital revenue refunding & improvement bonds series 2006B-4 (insured: Radian Asset Assurance Inc.); --Knox County Health, Educational & Housing Facilities Board (TN) (East Tennessee East Tennessee is a name given to approximately the eastern third of the state of Tennessee. Unlike the names given to regions or portions of many of U.S. states, the term East Tennessee can be precisely defined. Children's Hospital A children's hospital is a hospital which offers its services exclusively to children. The number of children's hospitals proliferated in the 20th century, as pediatric medical and surgical specialties separated from internal medicine and adult surgical specialties. ) hospital revenue refunding & improvement bonds series 2003A (insured: Radian Asset Assurance Inc.); --Kulpmont-Marion Heights Joint Municipal Authority (PA) sewer revenue bonds series 2005 (insured: Radian Asset Assurance Inc.); --LaFourche Parish (LA) road revenue bonds series 2005 (insured: Radian Asset Assurance Inc.); --Lafayette County (AR) sales & use tax bonds series 2007 (insured: Radian Asset Assurance Inc.); --Lake County (OH) (Lake Hospital System, Inc.); hospital facilities variable-rate revenue bonds series 2002 (insured: Radian Asset Assurance Inc.); (liquidity facility: Fleet National Bank) --Lakemoor Special Service Area No. 97-1 (IL) special tax refunding revenue bonds series 2006 (insured: Radian Asset Assurance Inc.); --Lakeside Water Control & Improvement District No. 1 (TX) GO unlimited tax bonds series 2005 (insured: Radian Asset Assurance Inc.); --Lakeside Water Control & Improvement District No. 1 (TX) GO unlimited tax bonds series 2006 (insured: Radian Asset Assurance Inc.); --Lakeside Water Control & Improvement District No. 2-B (TX) GO unlimited tax bonds series 2005 (insured: Radian Asset Assurance Inc.); --Lakeside Water Control & Improvement District No. 2-B (TX) GO unlimited tax bonds series 2006 (insured: Radian Asset Assurance Inc.); --Lakeside Water Control & Improvement District No. 2-B (TX) GO unlimited tax bonds series 2007 (insured: Radian Asset Assurance Inc.); --Lakeside Water Control & Improvement District No. 2C (TX) GO unlimited tax bonds series 2007 (insured: Radian Asset Assurance Inc.); --Lambertson Lakes Metropolitan District (CO) GO limited tax refunding bonds series 2006B (insured: Radian Asset Assurance Inc.); --Lancaster County Hospital Authority (PA) (Willow Valley Willow Valley may refer to:
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , N.A.) --Lancaster County Hospital Authority (PA) (Willow Valley Retirement Communities Project) variable-rate demand revenue bonds series 2002B (insured: Radian Asset Assurance Inc.); (liquidity facility: Bank of America, N.A.) --Lancaster County School District (SC) (Lancaster Educational Assistance Program., Inc.); revenue bonds series 2004 (insured: Radian Asset Assurance Inc.); --Lancaster Municipal Authority (PA) (Garden Spot Village Project) 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 2006A (insured: Radian Asset Assurance Inc.); --Lancaster Municipal Authority (PA) (Garden Spot Village Project) revenue bonds series 2006B (insured: Radian Asset Assurance Inc.); --Langhorne Manor 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. & Health Authority (PA) (Wesley Enhanced Living Obligated Group) retirement community variable-rate demand revenue bonds series 2005A (insured: Radian Asset Assurance Inc.); (liquidity facility: Citizens Bank of Pennsylvania) --Langhorne Manor Higher Education & Health Authority (PA) (Wesley Enhanced Living Obligated Group) retirement community variable-rate demand revenue bonds series 2005B (insured: Radian Asset Assurance Inc.); (liquidity facility: Citizens Bank of Pennsylvania) --Langhorne Manor Higher Education & Health Authority (PA) (Wesley Enhanced Living Obligated Group) retirement community variable-rate demand revenue bonds series 2005C (insured: Radian Asset Assurance Inc.); (liquidity facility: Citizens Bank of Pennsylvania) --Langhorne Manor Higher Education & Health Authority (PA) (Wesley Enhanced Living Obligated Group) senior living facility variable-rate demand revenue bonds series 2005A (insured: Radian Asset Assurance Inc.); (liquidity facility: Citizens Bank of Pennsylvania) --Langhorne Manor Higher Education & Health Authority (PA) (Wesley Enhanced Living Obligated Group) senior living facility variable-rate demand revenue bonds series 2005B (insured: Radian Asset Assurance Inc.); (liquidity facility: Citizens Bank of Pennsylvania) --Langhorne Manor Higher Education & Health Authority (PA) (Wesley Enhanced Living Obligated Group) senior living facility variable-rate demand revenue bonds series 2005C (insured: Radian Asset Assurance Inc.); (liquidity facility: Citizens Bank of Pennsylvania) --Langhorne Manor Higher Education & Health Authority (PA) (Woods Services Project) revenue refunding bonds series 2003 (insured: Radian Asset Assurance Inc.); --Leavenworth County Library District No. 2 (KS) GO bonds series 2006 (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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