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Fitch Withdraws Rating on New York City Residential Mortgage Insurance Corp.

NEW YORK -- Fitch Ratings has withdrawn the 'AA-' Insurer Financial Strength (IFS) rating of New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
 Residential Mortgage Insurance Corp. (NYC NYC
abbr.
New York City


NYC New York City
 ReMIC).

NYC ReMIC is a public benefit corporation designed to promote the development of affordable housing in New York City through the issuance of mortgage insurance. The company was originally created by the New York State Legislature in 1973 and has been a subsidiary of the New York City Housing Development Corporation (HDC) since 1993.

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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Publication:Business Wire
Date:Mar 11, 2009
Words:140
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