Fitch Update: City of Baltimore, MD Water & Wastewater Revenue Bonds.Business Editors WASHINGTON--(BUSINESS WIRE)--May 29, 2003 In a press release dated May 21, 2003, 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. assigned as·sign tr.v. as·signed, as·sign·ing, as·signs 1. To set apart for a particular purpose; designate: assigned a day for the inspection. 2. an 'A+' underlying rating to the City of Baltimore, MD's $49,100,000 project revenue bonds (water projects) auction rate notes, series 2003A, and $20,200,000 project revenue bonds (wastewater projects) auction rate notes, series 2003A. The auction rate note offerings, which were scheduled to price this week, were to be swapped to a synthetic fixed rate. Instead, the city now plans to terminate the swaps in favor of upon the side of; favorable to; for the advantage of. See also: favor issuing fixed rate revenue bonds. Prior to the pricing of the fixed rate bonds, tentatively scheduled for next week, Fitch fitch: see polecat. will issue a revised press release and report reflecting the new structure. |
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