Fitch to Confirm S-T Ratings for Bay Area Toll Authority (CA) Toll Bridge Revs Series 2007 at 'F1+'.NEW YORK -- On the effective date of Aug. 27, 2009, Fitch Ratings will confirm the short-term 'F1+' component of the ratings assigned to the Bay Area Toll Authority The Bay Area Toll Authority (BATA) was created by the California State Legislature in 1997 to administer the base $1 auto toll on the San Francisco Bay Area's seven state-owned toll bridges. (BATA) San Francisco Bay Area “Bay Area” redirects here. For other uses, see Bay Area (disambiguation). The San Francisco Bay Area, colloquially known as the Bay Area or The Bay toll bridge revenue bonds, consisting of: --$50,000,000 2007 series A-1; --$25,000,000 2007 series C-2; --$100,000,000 2007 series D-2. The rating action is in connection with the substitution of the standby bond purchase agreement (SBPA SBPA Simple Branch Prediction Analysis SBPA Scottish Beer and Pub Association (UK) SBPA School of Business and Public Administration SBPA School-Based Performance Award SBPA School-Based Performance Awards ) liquidity providers as follows: for the 2007 series A-1 bonds, Bayerische Landesbank and California Public Employees Retirement System (CalPERS), severally, with Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , N.A. (BOA boa (bō`ə), name for live-bearing constrictor snakes of the family Boidae, found mostly in the Americas. This family, which also comprises the egg-laying pythons of the Old World, includes the largest of all snakes, as well as many smaller ); for the 2007 series C-2 bonds, Calyon with BOA; and for the 2007 series D-2 bonds, Landesbank Baden-Wurttemburg and CalPERS, severally, with JPMorgan Chase Bank, National Association. On Aug. 27, 2009, the SBPA liquidity providers will be replaced as described above and the 'F1+' short-term rating assigned to each series of the bonds will be confirmed. The 'AA-' long-term component of the rating on each series of the bonds continues to be based on the rating that Fitch assigns to the toll bridge revenue bonds issued by BATA. For information on BATA's long-term rating, see the press release, dated Aug. 10, 2009, available on the Fitch web site at www.fitchratings.com. The SBPA will expire on June 3, 2011, unless such date is extended or earlier terminated pursuant to the terms of the SBPA. The 'F1+' short-term rating assigned to the bonds will expire upon the expiration or termination of the SBPA. 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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