Fitch Withdraws Tucson IDA Jr Lien Excise Tax Bond Rating.AUSTIN, Texas -- Fitch withdraws the 'BBB+' rating on the $5,825,000 Industrial Development Authority of the City of Tucson, Arizona Tucson (pronounced /ˈtusɑn/, Spanish: Tucsón [tuk'son] junior lien excise tax Excise Tax 1. An indirect tax charged on the sale of a particular good. 2. A penalty tax applied to ineligible transactions in retirement accounts. This penalty is assessed by and paid to the IRS. Notes: 1. revenue bonds (Rio Nuevo Multipurpose mul·ti·pur·pose adj. Designed or used for several purposes: a multipurpose room; multipurpose software. multipurpose Adjective Facilities District - Fox Theatre Project), taxable, series 2005. The bonds, originally scheduled to price the week of Sept. 26, have not sold. The withdrawal of the rating stems from the provision of new information regarding the excise tax revenue repayment stream. Fitch will evaluate the new information and a rating on the transaction will be forthcoming. 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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