Fitch Upgr Redevelop Auth of Montgomery Cnty, PA Rev Bonds 1993 Ser A.Business Editors NEW YORK--(BUSINESS WIRE)--Oct. 12, 2001 Fitch upgrades its rating on the 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 of Montgomery County Montgomery County may refer to:
The upgrade reflects the defeasance defeasance n. an antiquated word for a document which terminates the effect of an existing writing such as a deed, bond, or contract if some event occurs. DEFEASANCE, contracts, conveyancing. of 100% of the current outstanding debt with U.S. Treasury securities U.S. Treasury securities Interest-bearing obligations if the U.S. government issued by the U.S. Department of the Treasury as a means of borrowing money to meet government expenditures not covered by tax revenues. . The transaction was originally secured by three cross-collateralized and cross-defaulted apartment properties, Kingswood, Brookside, and Forge Gate apartments, located in Montgomery County, PA. |
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