Morgan Guaranty Supported Bonds Downgraded to `AA'.NEW YORK--(BUSINESS WIRE)--Nov. 8, 1999-- Following its long-term rating downgrade Downgrade A negative change in the rating of a security. Notes: For example, an analyst may downgrade a stock from strong buy to buy, or a bond rating agency may downgrade a bond from AAA to AA. of Morgan Guaranty As a verb, to agree to be responsible for the payment of another's debt or the performance of another's duty, liability, or obligation if that person does not perform as he or she is legally obligated to do; to assume the responsibility of a guarantor; to warrant. Trust Co. of 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 to `AA' from `AA+', 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 , the international rating agency, downgrades the long-term rating of the following issues that are supported by the bank through letters-of-credit: -- Kentucky Asset/Liability Commission (KY) project notes, 1999 road fund first series (LOC LOC - lines of code : Morgan Guaranty Trust Co. of NY) `AA/F1+ -- 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. (NY) adjusted-rate general obligation bonds series fiscal 1994A-7 (LOC: Morgan Guaranty Trust Co. of New York) `AA/F1+' -- New York City (NY) adjusted-rate general obligation bonds series fiscal 1994E-2 (LOC: Morgan Guaranty Trust Co. of New York) 'AA/F1+' -- New York City (NY) adjusted-rate general obligation bonds series fiscal 1994E-3 (LOC: Morgan Guaranty Trust Co. of New York) 'AA/F1+' -- New York City (NY) adjusted-rate general obligation bonds series fiscal 1994E-5(LOC: Morgan Guaranty Trust Co. of New York) 'AA/F1+' -- New York City (NY) adjusted-rate general obligation bonds series fiscal 1995F-3 (LOC: Morgan Guaranty Trust Co. of New York) 'AA/F1+' -- New York City (NY) adjusted -rate general obligation bonds series fiscal 1995F-6 (LOC: Morgan Guaranty Trust Co. of New York) 'AA/F1+' -- New York City (NY) adjusted -rate general obligation bonds series fiscal 1996J-3 (LOC: Morgan Guaranty Trust Co. of New York) 'AA/F1+' -- New York City Health & Hospitals Corp. (NY) health system bonds series 1997A (LOC: Morgan Guaranty Trust Co. of New York) `AA/F1+' -- Orlando (FL) (Republic Drive Interchange Project) special assessment revenue bonds series 1997A (LOC: Morgan Guaranty Trust Co. of New York) 'AA/F1+' |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion