Fitch Ratings Downgrades 966 Radian-Insured Issues (8 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. --Pennsylvania Higher Educational Facilities Authority (PA) (Association of Independent Colleges & Universities of Pennsylvania Financing Program - Gwynedd-Mercy College Gwynedd-Mercy is a member of SEPCHE, the Southeastern Pennsylvania Consortium of Higher Education, an association of eight higher-level educational institutions that "work together to promote quality and efficiency of academic programming, student access, faculty development, Project) revenue bonds series 2007P-1 (insured: Radian Asset Assurance Inc.); --Pennsylvania Higher Educational Facilities Authority (PA) (Association of Independent Colleges & Universities of Pennsylvania Financing Program - Lycoming College
Founded in 1812, Lycoming College is located in Williamsport, Pennsylvania. The College enrolls 1500 undergraduate students from over 35 states and 10 foreign countries. Project) revenue bonds series 2003-AA2 (insured: Radian Asset Assurance Inc.); --Pennsylvania Higher Educational Facilities Authority (PA) (Association of Independent Colleges & Universities of Pennsylvania Financing Program - Lycoming College Project) revenue bonds series 2004CC (insured: Radian Asset Assurance Inc.); --Pennsylvania Higher Educational Facilities Authority (PA) (Association of Independent Colleges & Universities of Pennsylvania Financing Program - Messiah College Messiah College is a Christian liberal arts college of the liberal and applied arts and sciences with approximately 3,000 undergraduate students in over 60 majors/courses of study, located in the rolling hills of south central Pennsylvania in the United States. Project) revenue bonds series 2003-AA3 (insured: Radian Asset Assurance Inc.); --Pennsylvania Higher Educational Facilities Authority (PA) (Association of Independent Colleges & Universities of Pennsylvania Financing Program-Moravian College Project) revenue bonds series 2005DD2 (insured: Radian Asset Assurance Inc.); --Pennsylvania Higher Educational Facilities Authority (PA) (Marywood University Wikipedia is not the place for advertisement or self-advertising. Marywood University, located in Scranton, Pennsylvania, is a coeducational, comprehensive, residential, and Catholic Liberal Arts University. Project) revenue bonds series 2005B (insured: Radian Asset Assurance Inc.); --Pennsylvania Higher Educational Facilities Authority (PA) (Marywood University Project) university revenue bonds series 2005C (insured: Radian Asset Assurance Inc.); --Pennsylvania Higher Educational Facilities Authority (PA) (St. Joseph's University) 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.); --Pennsylvania Higher Educational Facilities Authority (PA) (University of the Arts University of the Arts may refer to:
--Pennsylvania Higher Educational Facilities Authority (PA) (University of the Arts) university revenue bonds series 2006B (insured: Radian Asset Assurance Inc.); --Pennsylvania Higher Educational Facilities Authority (PA) (Ursinus College) revenue bonds series 2003 (insured: Radian Asset Assurance Inc.); --Pennsylvania Higher Educational Facilities Authority (PA) (Ursinus College) revenue bonds series 2006 (insured: Radian Asset Assurance Inc.); --Pennsylvania State Public School Building Authority (PA) (Pennsylvania Highlands Community College Pennsylvania Highlands Community College is a community college and vocational school with two branches located in Johnstown and Ebensburg, Pennsylvania. History In June of 1993, the Cambria County Commissioners voted to sponsor the Cambria County Area Community College. Project) college revenue bonds series 2006 (insured: Radian Asset Assurance Inc.); --Penrose Water District (CA) water revenue refunding bonds series 2003 (insured: Radian Asset Assurance Inc.); --Peoria (IL) (WeaverRidge Special Service Area) special tax refunding Tax refund Money back from the government when too much tax has been paid or withheld from a salary. bonds series 2006 (insured: Radian Asset Assurance Inc.); --Pevely (MO) (Southern Heights Project) GO neighborhood improvement district bonds series 2004 (insured: Radian Asset Assurance Inc.); --Phelps County (MO) (Phelps County Phelps County is the name of several counties in the United States:
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 2003 (insured: Radian Asset Assurance Inc.); --Pinery West Metropolitan District No. 2 (CO) GO limited tax refunding bonds series 2007 (insured: Radian Asset Assurance Inc.); --Pipestone (MN) GO utility revenue & improvement refunding bonds series 2007A (insured: Radian Asset Assurance Inc.); --Point Aquarius Municipal Utility District (TX) GO unlimited tax 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 & revenue bonds series 2007 (insured: Radian Asset Assurance Inc.); --Polk County Industrial Development Authority (FL) (Winter Haven Winter Haven, resort city (1990 pop. 24,725), Polk co., central Fla; settled 1883. It is a marketing, processing, and shipping center for one of the state's chief citrus-fruit regions, with fruit-canning plants and packing houses. Hospital Project) cogeneration cogeneration In power systems, use of steam for both power generation and heating. High-temperature, high-pressure steam from a boiler and superheater first passes through a turbine to produce power. Project revenue refunding bonds series 2005A (insured: Radian Asset Assurance Inc.); --Polk County Industrial Development Authority (FL) (Winter Haven Hospital Project) cogeneration Project revenue refunding bonds series 2005B (insured: Radian Asset Assurance Inc.); --Polk County Industrial Development Authority (FL) (Winter Haven Hospital Project) industrial development revenue bonds series 2006 (insured: Radian Asset Assurance Inc.); --Port of Hood River The Hood River is a tributary of the Columbia River in northwestern Oregon in the United States. Approximately 25 mi (40 km) long from its mouth to its farthest headwaters on the East Fork, the river descends from wilderness areas in the Cascade Range on Mount Hood and flows (OR) general revenue bonds series 2003 (insured: Radian Asset Assurance Inc.); --Prince George's County (MD) (Woodview Village Phase II Infrastructure Improvements) GO special obligation refunding bonds series 2006 (insured: Radian Asset Assurance Inc.); --Providence (RI) (Providence Redevelopment Agency) Certificates of participation series 2006A (insured: Radian Asset Assurance Inc.); --Providence (RI) special obligation tax increment To add a number to another number. Incrementing a counter means adding 1 to its current value. refunding bonds (AMT See vPro. ) series G (insured: Radian Asset Assurance Inc.); --Providence (RI) special obligation tax increment refunding bonds (taxable) series F (insured: Radian Asset Assurance Inc.); --Providence (RI) special obligation tax increment refunding bonds series E (insured: Radian Asset Assurance Inc.); --Providence Redevelopment Agency (RI) (Port of Providence Lease) Certificates of participation series 2003A (insured: Radian Asset Assurance Inc.); --Providence Redevelopment Agency (RI) (Port of Providence Lease) Certificates of participation series 2003B (insured: Radian Asset Assurance Inc.); --Puerto Rico Highway & Transportation Authority (PR) sub transportation revenue bonds series 2003 (insured: Radian Asset Assurance Inc.); --Puerto Rico Highway & Transportation Authority (PR) transportation revenue bonds series A (insured: Radian Asset Assurance Inc.); --Puerto Rico Highway & Transportation Authority (PR) transportation revenue bonds series J (insured: Radian Asset Assurance Inc.); --Puerto Rico Public Buildings Authority (PR) government facility revenue bonds series I (insured: Radian Asset Assurance Inc.); --Puerto Rico, Commonwealth of (PR) GO public improvement bonds series 1998 (insured: Radian Asset Assurance Inc.); --Puerto Rico, Commonwealth of (PR) GO public improvement bonds series 2004A (insured: Radian Asset Assurance Inc.); --Puerto Rico, Commonwealth of (PR) GO public improvement bonds series 2005A (insured: Radian Asset Assurance Inc.); --Puerto Rico, Commonwealth of (PR) GO public improvement refunding bonds series 2003C (insured: Radian Asset Assurance Inc.); --Puerto Rico, Commonwealth of (PR) GO public improvement refunding bonds series 2004A (insured: Radian Asset Assurance Inc.); --Quincy (FL) (Florida Utility System) improvement & refunding revenue bonds series 2003 (insured: Radian Asset Assurance Inc.); --Rancho California Water District Financing Authority (CA) revenue refunding bonds series 2005D (insured: Radian Asset Assurance Inc.); --Rankin Road West Municipal Utility District (TX) GO unlimited tax bonds series 2003 (insured: Radian Asset Assurance Inc.); --Ravenna (OH) (Board of Trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. of the Reed Memorial Library-Lessee) library improvement bonds series 2003 (insured: Radian Asset Assurance Inc.); --Refugio (TX) GO refunding bonds series 2004 (insured: Radian Asset Assurance Inc.); --Remington Municipal Utility District No. 1 (TX) GO unlimited tax bonds series 2003 (insured: Radian Asset Assurance Inc.); --Remington Municipal Utility District No. 1 (TX) GO unlimited tax bonds series 2004 (insured: Radian Asset Assurance Inc.); --Remington Municipal Utility District No. 1 (TX) GO unlimited tax bonds series 2005 (insured: Radian Asset Assurance Inc.); --Reno Redevelopment Agency (NV) senior lien senior lien n. the first security interest (lien or claim) placed upon property at a time before other liens, which are called "junior" liens. (See: mortgage, deed of trust, lien, UCC-1) bonds series 2007A (insured: Radian Asset Assurance Inc.); --Renville (MN) GO water revenue refunding bonds series 2005A (insured: Radian Asset Assurance Inc.); --Rhode Island Health & Educational Building Corp. (RI) (Landmark Medical Center) hospital financing revenue refunding bonds series 2005 (insured: Radian Asset Assurance Inc.); --Rhode Island Health & Educational Building Corp. (RI) (Roger Williams University Roger Williams University, commonly abbreviated as RWU, is a private, coeducational American liberal arts university located on 120 acres in Bristol, Rhode Island, above Mt. Hope Bay. Founded in 1956, it was named for theologian and Rhode Island cofounder Roger Williams. Issue) 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. facility revenue bonds series 2003 (insured: Radian Asset Assurance Inc.); --Rhode Island Health & Educational Building Corp. (RI) (Roger Williams University) higher education facility revenue bonds series 2006B (insured: Radian Asset Assurance Inc.); --Rhode Island Health & Educational Building Corp. (RI) (Roger Williams University) higher education facility revenue refunding bonds series 2006A (insured: Radian Asset Assurance Inc.); --Rhode Island Health & Educational Building Corp. (RI) (South County Hospital Healthcare System Issue) hospital financing revenue bonds series 2006A (insured: Radian Asset Assurance Inc.); --Rice County Public Building Commission (KS) (Hospital District No. 1) revenue bonds series 2006 (insured: Radian Asset Assurance Inc.); --Rider University (NJ) Educational facilities authority revenue bonds series C (insured: Radian Asset Assurance Inc.); --Rivercrest Community Development District (FL) special assessment revenue refunding bonds series 2007 (insured: Radian Asset Assurance Inc.); --Riverdale Dunes Metropolitan District No.1 (CO) GO refunding bonds series 2006 (insured: Radian Asset Assurance Inc.); --Riverside (CA) (Arlington Redevelopment Project) tax allocation bonds series 2004A (insured: Radian Asset Assurance Inc.); --Riverside (CA) (Arlington Redevelopment Project) tax allocation bonds series 2004B (insured: Radian Asset Assurance Inc.); --Riverside-Quindaro Bend Levee levee (lĕv`ē) [Fr.,=raised], embankment built along a river to prevent flooding by high water. Levees are the oldest and the most extensively used method of flood control. District (MO) (L-385 Project) improvement refunding revenue bonds series 2006 (insured: Radian Asset Assurance Inc.); --Roaring Fork Transportation Authority (CO) Certificates of participation series 2005 (insured: Radian Asset Assurance Inc.); --Rockdale County (GA) (Rockdale Medical Center, Inc. Project) revenue antic certificates series 2003A (insured: Radian Asset Assurance Inc.); --Rockwall County Consolidated Municipal Utility District No. 1 (TX) GO unlimited tax bonds series 2006 (insured: Radian Asset Assurance Inc.); --Rolling Creek Utility District (TX) GO unlimited tax bonds series 2006 (insured: Radian Asset Assurance Inc.); --SCAGO Educational Facilities Corporation (SC) (School District of Calhoun County Calhoun County is the name of several counties in the United States of America, mostly named after Senator John C. Calhoun:
--SCAGO Educational Facilities Corporation (SC) (School District of Union County Project) school district installment purchase revenue bonds series 2006 (insured: Radian Asset Assurance Inc.); --SCAGO Educational Facilities Corporation (SC) (Williamsburg County School District Project) revenue bonds series 2006 (insured: Radian Asset Assurance Inc.); --Sable-Altura Fire Protection District (CO) GO bonds series 2006 (insured: Radian Asset Assurance Inc.); --Sacramento County Public Financing Authority (CA) (Sacramento City Development Projects) tax allocation revenue bonds series C (insured: Radian Asset Assurance Inc.); --Saddle Rock Metropolitan District (CO) GO limited tax refunding bonds series 2002 (insured: Radian Asset Assurance Inc.); --Salamanca (NY) GO public improvement bonds series 2007 (insured: Radian Asset Assurance Inc.); --Sam Rayburn Municipal Power Agency (TX) power supply system revenue refunding bonds series 2002B (insured: Radian Asset Assurance Inc.); --Sampson Creek Community Development District (FL) capital improvement revenue refunding bonds series 2006 (insured: Radian Asset Assurance Inc.); --San Bernardino County Redevelopment Agency (CA) (San Sevaine Redevelopment Project) tax allocation bonds series 2005A (insured: Radian Asset Assurance Inc.); --San Diego Public Facilities Financing Authority (CA) (Southcrest & Central Imperial Redevelopment Project) California pooled financing bonds (tax-exempt) series 2007B (insured: Radian Asset Assurance Inc.); --San Diego Public Facilities Financing Authority (CA) (Southcrest, Central Imperial & Mount Hope Redevelopment Projects) California pooled financing bonds (taxable) series 2007A (insured: Radian Asset Assurance Inc.); --San Francisco (City & County) Redevelopment Financing Authority (CA) (Mission Bay North Redevelopment Infrastructure Project) tax allocation revenue bonds series 2006B (insured: Radian Asset Assurance Inc.); --San Jose Redevelopment Agency (CA) (Merged Area Redevelopment Project) tax allocation bonds series 2006A-T A-T Ataxia Telangiectasia (form of muscular weakness) (insured: Radian Asset Assurance Inc.); --San Jose Redevelopment Agency (CA) (Merged Area Redevelopment Project) tax allocation bonds series 2006B (insured: Radian Asset Assurance Inc.); --Sand Creek Metropolitan District (CO) GO limited tax refunding & improvement bonds series 2006 (insured: Radian Asset Assurance Inc.); --Sandoval County (NM) (PILT PILT Payment in Lieu of Taxes ) revenue bonds series 2007 (insured: Radian Asset Assurance Inc.); --Santa Barbara County (CA) (Music Academy of the West The Music Academy of the West is a music conservatory located in Montecito, California near Santa Barbara, California. Every year, it hosts a summer music festival for the community highlighted by concerts and workshops directed by famous composers, conductors, and artists. ) Certificates of participation (insured: Radian Asset Assurance Inc.); --Santa Fe (NM) (College of Santa Fe History The oldest chartered college in the State of New Mexico, the College of Santa Fe was founded in the Lasallian tradition of education, a Roman Catholic teaching order in which the schools are run by laymen. The institution's first incarnation opened in 1859, as St. Project) education facilities refunding & improvement revenue bonds series 2006 (insured: Radian Asset Assurance Inc.); --Saratoga County Industrial Development Agency (NY) (Saratoga Hospital Project) civic facility revenue bonds series 2003B-1 (insured: Radian Asset Assurance Inc.); --Saratoga County Industrial Development Agency (NY) (Saratoga Hospital Project) civic facility revenue bonds series 2003B-2 (insured: Radian Asset Assurance Inc.); --Saratoga County Industrial Development Agency (NY) (Saratoga Hospital Project) civic facility revenue refunding bonds series 2003A (insured: Radian Asset Assurance Inc.); --Sauk Village (IL) GO tax increment refunding 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 2003A (insured: Radian Asset Assurance Inc.); --Savage Economic Development Authority (MN) lease revenue bonds series 2006 (insured: Radian Asset Assurance Inc.); --Savannah Hospital Authority (GA) (St. Josephs/Candler Health System, Inc.); revenue bonds series 2003 (insured: Radian Asset Assurance Inc.); --Scotts Bluff County Hospital Authority No. 1 (NE) (Regional West Medical Center) variable-rate demand refunding revenue bonds series 2005 (insured: Radian Asset Assurance Inc.); --Scranton Parking Authority (PA) guaranteed package revenue bonds series 2006 (insured: Radian Asset Assurance Inc.); --Scranton 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 (PA) guaranteed lease revenue bonds series 2006 (insured: Radian Asset Assurance Inc.); --Section 14 Metropolitan District (CO) GO refunding bonds series 2000 (insured: Radian Asset Assurance Inc.); --Section 14 Metropolitan District (CO) GO refunding bonds series 2004 (insured: Radian Asset Assurance Inc.); --Sedalia (MO) (Bothwell Regional Health Center) hospital refunding revenue bonds series 2004 (insured: Radian Asset Assurance Inc.); --Shenandoah Municipal Sewage Authority (PA) guaranteed 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 bonds series 2003 (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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