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Fitch Withdraws Utah Transit 1998 Rev Rating.


Business Editors

NEW YORK--(BUSINESS WIRE)--July 6, 2000

Fitch withdraws its `AAA/F1+' rating on Utah Transit Authority's (UT) (Salt Lake County Light Rail Transit The name Light Rail Transit is used by the following specific light rail systems, either as an official name or otherwise:
  • Light Rail Transit, Metro Manila, Philippines
  • Rapid KL Light Rail Transit, Kuala Lumpur, Malaysia
 TRAX proj) sales tax sales tax, levy on the sale of goods or services, generally calculated as a percentage of the selling price, and sometimes called a purchase tax. It is usually collected in the form of an extra charge by the retailer, who remits the tax to the government.  & transportation revenue bonds series 1998.

The bonds were supported by a letter-of-credit issued by Bayerische Landesbank Girozentrale and were called in full on May 1, 2000.

Fitch is an international rating agency that provides global capital market investors with the highest quality ratings and research. Dual headquartered in 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
 and London with a major office in Chicago, Fitch rates entities in 75 countries and has some 1,100 employees in more than 40 local offices worldwide. The agency, which is a combination of Fitch IBCA IBCA International Braille Chess Association
IBCA Institute of Burial and Cremation Administration
IBCA Integrated Business Communications Alliance
IBCA International Barbeque Cookers Association
IBCA Department of Interior Board of Contract Appeals
 and Duff & Phelps Credit Rating Co., provides ratings for Financial Institutions, Insurance, Corporates, Structured Finance, Sovereigns and Public Finance Markets worldwide.
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Publication:Business Wire
Date:Jul 6, 2000
Words:137
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