Fitch Ratings Downgrades 966 Radian-Insured Issues (9 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 Merger') which is available on the Fitch Ratings web site at www.fitchratings.com. --Show Low Industrial Development Authority (AZ) (Navapache Regional Medical Center) 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 2005 (insured: Radian Asset Assurance Inc.); --Sienna Plantation 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. Improvement District (TX) GO unlimited tax levee improvement bonds series 2004 (insured: Radian Asset Assurance Inc.); --Sienna Plantation Levee Improvement District (TX) GO unlimited tax levee improvement bonds series 2005A (insured: Radian Asset Assurance Inc.); --Sienna Plantation Levee Improvement District (TX) GO unlimited tax levee improvement bonds series 2006 (insured: Radian Asset Assurance Inc.); --Sienna Plantation Levee Improvement District (TX) GO unlimited tax levee improvement 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 2005 (insured: Radian Asset Assurance Inc.); --Sienna Plantation Municipal Utility District No. 10 (TX) GO unlimited tax bonds series 2005 (insured: Radian Asset Assurance Inc.); --Sienna Plantation Municipal Utility District No. 10 (TX) GO unlimited tax bonds series 2006 (insured: Radian Asset Assurance Inc.); --Sienna Plantation Municipal Utility District No. 3 (TX) GO unlimited tax bonds series 2003A (insured: Radian Asset Assurance Inc.); --Sienna Plantation Municipal Utility District No. 3 (TX) GO unlimited tax bonds series 2005 (insured: Radian Asset Assurance Inc.); --Sienna Plantation Municipal Utility District No. 3 (TX) GO unlimited tax bonds series 2005A (insured: Radian Asset Assurance Inc.); --Sienna Plantation Municipal Utility District No. 3 (TX) GO unlimited tax bonds series 2005B (insured: Radian Asset Assurance Inc.); --Sienna Plantation Municipal Utility District No. 3 (TX) GO unlimited tax bonds series 2006 (insured: Radian Asset Assurance Inc.); --Signal Hill Fire Protection District (IL) GO bonds series 2004 (insured: Radian Asset Assurance Inc.); --Simsboro School District No. 3 (LA) GO school bonds series 2005 (insured: Radian Asset Assurance Inc.); --Smith County Water Control & Improvement District No. 1 (TX) GO 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 refunding bonds series 2006 (insured: Radian Asset Assurance Inc.); --Sonoma Valley Health Care District (CA) refunding revenue bonds series 2004 (insured: Radian Asset Assurance Inc.); --South Bay Regional Public Communications Authority (CA) (City of Gardena Project) refunding revenue bonds series 2007A (insured: Radian Asset Assurance Inc.); --South Carolina Jobs-Economic Development Authority (SC) (Burroughs & Chapin Multi-County Business Park Project) senior loan revenue bonds series 2007A (insured: Radian Asset Assurance Inc.); --South Carolina Jobs-Economic Development Authority (SC) (CHS (Cylinder Head Sector) An earlier method of addressing a hard disk by referencing all three physical elements of the drive. It was superseded by logical block addressing (see LBA). Development Company Project) economic development revenue bonds series 2003 (insured: Radian Asset Assurance Inc.); --South Carolina Jobs-Economic Development Authority (SC) (Georgetown Memorial Hospital) hospital revenue bonds series 2001 (insured: Radian Asset Assurance Inc.); --South Carolina Jobs-Economic Development Authority (SC) (Oconee Memorial Hospital Project) hospital refunding revenue bonds series 2005A (insured: Radian Asset Assurance Inc.); --South Carolina Jobs-Economic Development Authority (SC) (Oconee Memorial Hospital Project) hospital refunding revenue bonds series 2005B (insured: Radian Asset Assurance Inc.); --South Carolina Jobs-Economic Development Authority (SC) (Oconee Memorial Hospital, Inc. Project) hospital revenue bonds series 2006A (insured: Radian Asset Assurance Inc.); --South Carolina Jobs-Economic Development Authority (SC) (Oconee Memorial Hospital, Inc. Project) hospital revenue bonds series 2006C (insured: Radian Asset Assurance Inc.); --South Carolina Jobs-Economic Development Authority (SC) (Palmetto palmetto or cabbage palmetto Tree (Sabal palmetto) of the palm family, occurring in the southeastern U.S. and the West Indies. Commonly grown for shade and as ornamentals along avenues, palmettos grow to about 80 ft (24 m) tall and have fan-shaped leaves. Health Alliance) hospital refunding revenue bonds series 2005B (insured: Radian Asset Assurance Inc.); --South Carolina Jobs-Economic Development Authority (SC) (The Episcopal Church Episcopal Church, Anglican church of the United States. Its separate existence as an American ecclesiastical body with its own episcopate began in 1789. Doctrine and Organization Home) fixed rate revenue bonds series 2002 (insured: Radian Asset Assurance Inc.); --South Carolina Jobs-Economic Development Authority (SC) (The Episcopal Church Home) variable-rate health facility revenue & refunding bonds series 2002 (insured: Radian Asset Assurance Inc.); (liquidity facility: Wachovia Bank, N. A.) --South El Monte El Monte (ĕl mŏn`tē), city (1990 pop. 106,209), Los Angeles co., S Calif.; inc. 1912. A residential, industrial, and commercial city in the San Gabriel Valley, El Monte manufactures furniture, electronic equipment, semiconductors, Improvement District (CA) (Merged Project Area) tax allocation bonds series 2005A (insured: Radian Asset Assurance Inc.); --South El Monte Improvement District (CA) (Merged Project Area) tax allocation bonds series 2005B (insured: Radian Asset Assurance Inc.); --South El Monte Improvement District (CA) (Merged Project Area) tax allocation bonds series 2007A (insured: Radian Asset Assurance Inc.); --South Fork Municipal Authority (PA) variable-rate hospital revenue bonds series 2005C (insured: Radian Asset Assurance Inc.); --South Limestone Hospital District (TX) public property finance contractual obligations series 2006 (insured: Radian Asset Assurance Inc.); --South Saint Paul Saint Paul, city (1990 pop. 272,235), state capital and seat of Ramsey co., E Minn., on bluffs along the Mississippi River, contiguous with Minneapolis, forming the Twin Cities metropolitan area; inc. 1854. Housing & 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 (MN) (Saint Paul Neighborhood Scattered Site Project) tax increment To add a number to another number. Incrementing a counter means adding 1 to its current value. revenue bonds series 2005 (insured: Radian Asset Assurance Inc.); --South Shore Harbour Municipal Utility District No. 7 (TX) GO unlimited tax bonds series 2005 (insured: Radian Asset Assurance Inc.); --South Shore Harbour Municipal Utility District No. 7 (TX) waterworks & sewer system combination unlimited tax & revenue bonds series 2004 (insured: Radian Asset Assurance Inc.); --Southcentral Pennsylvania General Authority (PA) (Hanover Hospital, Inc.); hospital revenue bonds series 2005 (insured: Radian Asset Assurance Inc.); --Southern California Logistics Airport Authority (CA) (Southern California Logistics Airport Southern California Logistics Airport (IATA: VCV, ICAO: KVCV), also known as Victorville Airport, is a public airport located in the city of Victorville in San Bernardino County, California, USA approximately 90 miles northeast of Los Angeles. Project) taxable sub tax allocation revenue bonds series 2006 (insured: Radian Asset Assurance Inc.); --Southern California Logistics Airport Authority (CA) tax allocation parity bonds Parity Bond Two or more bond issues with equal rights to bond payments. Notes: Also referred to as "part passu" or "pari passu" bonds, these types of fixed-income securities are commonly issued by municipalities as a way to gather finance capital. series 2005A (insured: Radian Asset Assurance Inc.); --Southwest Houston Redevelopment Authority (TX) tax increment contract revenue bonds series 2003 (insured: Radian Asset Assurance Inc.); --Southwestern Illinois Development Authority (IL) (LaClede Steel Laclede Steel, incorporated in 1911, was a manufacturer of alloy and carbon steel. The company owned one electric furnace, and owned mills in Alton, Illinois, Fairless Hills, Pennsylvania, Vandalia, Illinois. Its products included strip, hot rolled bars, wire and plate. Company Project) solid waste disposal refunding revenue bonds series 2004 (insured: Radian Asset Assurance Inc.); --Sportsman's World Municipal Utility District (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 2007 (insured: Radian Asset Assurance Inc.); --Spring Meadows Municipal Utility District (TX) GO unlimited tax bonds series 2006 (insured: Radian Asset Assurance Inc.); --Spring West Municipal Utility District (TX) GO unlimited tax waterworks & sewer system combination & revenue refunding bonds series 2007 (insured: Radian Asset Assurance Inc.); --Springhill School District No. 8 (LA) GO school bonds series 2006 (insured: Radian Asset Assurance Inc.); --St. Charles Parish Hospital Service District No. 1 (LA) GO bonds series 2007 (insured: Radian Asset Assurance Inc.); --St. Clair County School District No. 116 (IL) GO school bonds series 2004 (insured: Radian Asset Assurance Inc.); --St. Clair County School District No. 118 (IL) GO capital appreciation school refunding bonds series 2004B (insured: Radian Asset Assurance Inc.); --St. Clair County School District No. 118 (IL) GO school bonds series 2004A (insured: Radian Asset Assurance Inc.); --St. Johns County Industrial Development Authority (FL) (Flagler Hospital, Inc. Project) hospital revenue bonds series 2003 (insured: Radian Asset Assurance Inc.); --St. Louis Industrial Development Authority (MO) (St. Louis Science Center The St. Louis Science Center is a science museum with its facilities in St. Louis, Missouri and a member of the Association of Science and Technology Centers. It is among the largest of its type and, like all science centers, is intended to be a place of informal science education Foundation Project) public facilities refunding & improvement revenue bonds series 2005 (insured: Radian Asset Assurance Inc.); --St. Paul Port Authority (MN) (Energy Park Tax Increment District) tax increment revenue refunding bonds series 2003-16 (insured: Radian Asset Assurance Inc.); --St. Tammany Parish Hospital Service District No. 2 (LA) GO bonds (taxable) series 2004C (insured: Radian Asset Assurance Inc.); --St. Tammany Parish Hospital Service District No. 2 (LA) GO bonds series 2004B (insured: Radian Asset Assurance Inc.); --Stanley (WI) taxable water 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 refunding bonds (insured: Radian Asset Assurance Inc.); --Stockton Public Finance Authority (CA) (2005 Assessment Districts Refinancing) 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) refunding revenue bonds series A (insured: Radian Asset Assurance Inc.); --Stockton Public Finance Authority (CA) (Stockton Public Financing Authority (Housing Project.)) revenue taxable bonds Taxable Bond A debt security whose return to the investor is subject to taxes at the local, state or federal level, or some combination thereof. Notes: The majority of bonds issued are taxable bonds. series 2006C (insured: Radian Asset Assurance Inc.); --Stockton Public Finance Authority (CA) (Stockton Public Financing Authority (Redevelopment Program)) taxable revenue bonds series 2006A (insured: Radian Asset Assurance Inc.); --Stockton Public Finance Authority (CA) (Stockton Public Financing Authority (Redevelopment Program)) taxable revenue bonds series 2006B (insured: Radian Asset Assurance Inc.); --Stone Park (IL) GO bonds series 2004 (insured: Radian Asset Assurance Inc.); --Sullivan County Health, Education & Housing Facilities Board (TN) (Wellmont Health System) hospital revenue refunding bonds series 2003 (insured: Radian Asset Assurance Inc.); --Summerdale (AL) GO warrants series 2006 (insured: Radian Asset Assurance Inc.); --Superior/McCaslin Interchange Metropolitan District (CO) GO refunding bonds series 2005 (insured: Radian Asset Assurance Inc.); --Sweetwater Union High School District (CA) (Public Financing Authority) sub special tax revenue bonds series 2005B (insured: Radian Asset Assurance Inc.); --Tablerock Metropolitan District (CO) GO unlimited tax refunding & improvement bonds series 2007 (insured: Radian Asset Assurance Inc.); --Tampa (FL) (University of Tampa The University of Tampa, or UT, is a private, co-educational university in downtown Tampa, Florida. It is accredited by the Southern Association of Colleges and Schools. In 2006, the University celebrated its 75th anniversary. Project) revenue bonds series 2002 (insured: Radian Asset Assurance Inc.); --Taos County (NM) county education gross receipts tax A gross receipts tax, sometimes referred to as a gross excise tax, is a tax on the total gross revenues of a company, regardless of their source. It is similar to a sales tax, but it is levied on the seller of goods or services rather than the consumer. refunding & improvement revenue bonds series 2007 (insured: Radian Asset Assurance Inc.); --Teague (TX) GO refunding bonds series 2005 (insured: Radian Asset Assurance Inc.); --Tehachapi Redevelopment Agency (CA) (Tehachapi Redevelopment Project) tax allocation bonds series 2005 (insured: Radian Asset Assurance Inc.); --Terranova West Municipal Utility District (TX) GO unlimited tax park bonds series 2006 (insured: Radian Asset Assurance Inc.); --Tower Metropolitan District (CO) GO refunding & improvement bonds series 2005 (insured: Radian Asset Assurance Inc.); --Travis County Emergency Services emergency services Emergency care '…services …necessary to prevent death or serious impairment of health and, because of the danger to life or health, require the use of the most accessible hospital available and equipped to furnish those services' District No. 6 (TX) GO unlimited tax refunding bonds series 2007 (insured: Radian Asset Assurance Inc.); --Travis County Municipal Utility District No. 2 (TX) GO unlimited tax bonds series 2006 (insured: Radian Asset Assurance Inc.); --Travis County Municipal Utility District No. 4 (TX) GO unlimited tax refunding bonds series 2007 (insured: Radian Asset Assurance Inc.); --Travis County Water Control & Improvement District No. 17 (TX) (Flintrock Ranch Estates Defined Area) GO unlimited tax bonds series 2006 (insured: Radian Asset Assurance Inc.); --Tuscarawas County (OH) (Union Hospital) hospital facility revenue bonds series 2001 (insured: Radian Asset Assurance Inc.); --Union County Educational Services Commission (NJ) Certificates of participation (insured: Radian Asset Assurance Inc.); --Upper Trinity Regional Water District (TX) (Upper Trinity Regional Water District Northeast) regional water reclamation system revenue bonds series 2007 (insured: Radian Asset Assurance Inc.); --Vance Governmental Utility Services Corp. (AL) sewer services revenue refunding bonds series 2006 (insured: Radian Asset Assurance Inc.); --Vermont Educational & Health Buildings Financing Agency (VT) (Clara Martin Center, NFI NFI Nasjonal Forskningsinformasjon (Norwegian Research Database) NFI National Fisheries Institute NFI National Fatherhood Initiative NFI National Forest Inventory (Australia) NFI Nutrition Foundation of India Vermont, Inc., Health Care & Rehabilitation rehabilitation: see physical therapy. Services of Southeastern Vermont, Inc. & Washington County Washington County is the name of 30 counties and one parish in the United States of America, all named for George Washington. It is the most common county name in the United States. Mental Health Services health services Managed care The benefits covered under a health contract ) revenue bonds series 2006A (insured: Radian Asset Assurance Inc.); --Vermont Educational & Health Buildings Financing Agency (VT) (Clara Martin Center, NFI Vermont, Inc., Health Care & Rehabilitation Services of Southeastern Vermont, Inc. & Washington County Mental Health Services) revenue bonds series 2006B (insured: Radian Asset Assurance Inc.); --Vermont Educational & Health Buildings Financing Agency (VT) (Landmark College Founded in 1985 by Charles Drake, Landmark College is an accredited, residential, junior liberal arts college exclusively for students with learning disabilities - including ADHD and Dyslexia. Landmark is located in Putney, Vermont, with about 465 students attending. Project) revenue bonds series 2004A (insured: Radian Asset Assurance Inc.); --Vermont Educational & Health Buildings Financing Agency (VT) (Landmark College Project) variable-rate demand revenue bonds series 2004B (insured: Radian Asset Assurance Inc.); --Vermont Educational & Health Buildings Financing Agency (VT) (Rutland Regional Medical Center Project) hospital revenue bonds series 2003A (insured: Radian Asset Assurance Inc.); --Vintage Reseriesve Metropolitan District (CO) GO limited tax refunding & improvement bonds series 2007 (insured: Radian Asset Assurance Inc.); --Virgin Islands Public Finance Authority (VI) revenue bonds series 2003A (insured: Radian Asset Assurance Inc.); --Vista Lakes Community Development District (FL) capital improvement revenue refunding bonds series 2007A-1 (insured: Radian Asset Assurance Inc.); --Vista Lakes Community Development District (FL) capital improvement revenue refunding bonds series 2007A-2 (insured: Radian Asset Assurance Inc.); --Vista Ridge Metropolitan District (CO) GO limited tax improvement & refunding bonds series 2006A (insured: Radian Asset Assurance Inc.); --Volusia County Educational Facilities Authority (FL) (Embry-Riddle Aeronautical University Embry-Riddle Aeronautical University (ERAU) is a not-for-profit, non-sectarian, coeducational private university with a history dating back to the early days of aviation. , Inc. Project) education facility revenue refunding bonds series 2005 (insured: Radian Asset Assurance Inc.); --Volusia County Educational Facilities Authority (FL) (Embry-Riddle Aeronautical University, Inc. Project) revenue & refunding bonds series 2003 (insured: Radian Asset Assurance Inc.); --Wapello County (IA) (Ottumwa Regional Health Center) variable-rate demand refunding revenue bonds series 2006 (insured: Radian Asset Assurance Inc.); --Washington Health Care Facilities Authority (WA) (Good Samaritan Hospital Good Samaritan Hospital may refer to: In the United States:
--Washington Health Care Facilities Authority (WA) (Grays Habor Community Hospital) revenue bonds series 2007 (insured: Radian Asset Assurance Inc.); --Washington Health Care Facilities Authority (WA) (Group Health Cooperative Group Health Cooperative, based in Seattle, Washington, is a consumer-governed nonprofit healthcare system. Established in 1947, it today provides coverage and care for about 540,000 people in Washington and Idaho and is one of the largest private employers in Washington. of Puget Sound Puget Sound (py  `jĕt), arm of the Pacific Ocean, NW Wash., connected with the Pacific by Juan de Fuca Strait, entered through the Admiralty Inlet and extending in two arms c. ) revenue bonds series 2006 (insured: Radian
Asset Assurance Inc.);
--Washington Health Care Facilities Authority (WA) (Highline Community Hospital) revenue bonds (insured: Radian Asset Assurance Inc.); --Washington Health Care Facilities Authority (WA) (Overlake Hospital Medical Center Project) revenue bonds series 2005C-1 (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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