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Bank of America LOC-Backed Municipal Bonds Downgraded.

NEW YORK -- In conjunction with the downgrade of Bank of America N.A.'s long-term senior debt rating to 'AA-' from 'AA', Fitch downgrades the following bonds backed by Bank of America N.A. letters of credit (see list below). Most of the downgrades are from 'AA' to 'AA-' reflecting the credit substitution of Bank of America, but certain bonds are downgraded to 'AA+' from 'AAA' or to 'AA' from 'AA+', considering the joint probability of the failure of both a rated municipal obligor and a bank LOC provider. The two-party pay methodology results in a rating that is up to two notches higher than the stronger of the two credits if the following conditions are met: (1) both entities have a rating of 'A' or higher; (2) the transaction is structured such that payments from both the municipal issuer and the bank are in the flow of funds and both entities would have to fail to perform before the bonds defaulted; and (3) the credit of the bank and the rated obligor have no more than a medium degree of correlation. Where the correlation is considered low, the bonds are rated two notches higher than the stronger of the two entities, and where the correlation is considered medium, the bonds are rated one notch higher than the stronger of the two entities.

Fitch downgrades the following to 'AA+':

--Allen County (OH) (Catholic Healthcare Partners) adj-rate hosp facils rev bonds ser 2008A (LOC: Bank of America N.A. (USA))

--California Health Facilities Financing Authority (CA) (Stanford Hospital and Clinics) hosp rev bonds ser 2008A-2 (LOC: Bank of America)

--Connecticut Health & Educational Facilities Authority (CT) (Greenwich Hospital Issue) hosp rev bonds ser 2008C (LOC: Bank of America, N.A.)

--Jacksonville (FL) capital proj rev bonds ser 2008A (LOC: Bank of America, N.A.)

--Maryland Health & Higher Educational Facilities Authority (MD) (University of Maryland Medical System Issue) rev bonds ser 2008B (LOC: Bank of America, N.A.)

--Mississippi Development Bank (MS) (MSLoan Prog-Mississippi Department of Corrections-Walnut Grove Correctional Facility Refunding Proj) GO special oblig bonds ser 2008A (LOC: Bank of America, N.A.)

--Mississippi Development Bank (MS) (MSLoan Program-Mississippi Department of Corrections East Mississippi Correctional Facility) GO special oblig bonds ser 2008B (LOC: Bank of America, N.A.)

--Missouri Health & Educational Facilities Authority (MO) (SSM Health Care) auction-rate rev bonds ser 2005A-1 (LOC: Bank of America, N.A.) (insured: Financial Guaranty Insurance Company)

--Missouri Health & Educational Facilities Authority (MO) (SSM Health Care) var-rate demand health facil rev bonds ser 2005C-2 (LOC: Bank of America N.A. (USA)) (insured: Financial Guaranty Insurance Company)

--New Jersey Economic Development Authority (NJ) sch facils construction bonds ser 2008X (LOC: Bank of America, N.A.)

--New Jersey Economic Development Authority (NJ) sch facils construction rfdg bonds ser 2008 V-4 (LOC: Bank of America, N.A.)

--Orlando-Orange County Expressway Authority (FL) var-rate rfdg rev bonds ser 2008B-1 (LOC: Bank of America, N.A.)

--Riverside (CA) var-rate rfdg elect rev bonds ser 2008A (LOC: Bank of America)

--Riverside (CA) var-rate rfdg elect rev bonds ser 2008B (LOC: Bank of America)

--Riverside (CA) var-rate rfdg elect rev bonds ser 2008C (LOC: Bank of America)

--Silicon Valley Power (Santa Clara) (CA) var-rate sub elect rev bonds ser 2008A (LOC: Bank of America, N.A.)

--University of Massachusetts Building Authority (MA) sr rfdg rev bonds ser 2008-3 (LOC: Bank of America, N.A.)

Fitch downgrades the following to 'AA':

--Sacramento County Sanitation Districts Financing Authority (CA) (Sacramento Regional County Sanitation District) sub lien var-rate rev bonds ser 2008A (LOC: Bank of America, N.A.)

--Sacramento County Sanitation Districts Financing Authority (CA) (Sacramento Regional County Sanitation District) sub lien var-rate rev bonds ser 2008B (LOC: Bank of America, N.A.)

--Sacramento County Sanitation Districts Financing Authority (CA) (Sacramento Regional County Sanitation District) sub lien var-rate rev bonds ser 2008C (LOC: Bank of America, N.A.)

--Sacramento County Sanitation Districts Financing Authority (CA) (Sacramento Regional County Sanitation District) sub lien var-rate rev bonds ser 2008D (LOC: Bank of America, N.A.)

Fitch downgrades the following to 'AA-':

--ABAG Finance Authority for Nonprofit Corps. (CA) (Valley Christian Schools) var-rate demand rfdg & rev bonds ser 2003 (LOC: Bank of America, N.A.)

--Albany County Airport Authority (NY) airport rev bonds ser 2008A (LOC: Bank of America, N.A.)

--Albuquerque (NM) (CVI Laser Corp.) industrial rev bonds ser 1998 (LOC: Bank of America, N.A.)

--Arkansas Development Finance Authority (AR) (Stratton Seed Co. Project) industrial devel rev bonds ser 1999 (LOC: Bank of America, N.A.)

--Auburn Industrial Development Board (AL) (Donaldson Co., Inc. Project) industrial devel rev bonds ser 1999 (LOC: Bank of America, N.A.)

--Bibb County Development Authority (GA) (Goodwill Industries of Middle Georgia, Inc. Project) var-rate demand rev bonds ser 2003 (LOC: Bank of America, N.A.)

--Boone County (AR) (North Arkansas Regional Medical Center) var-rate hosp rev construction bonds ser 2006 (LOC: Bank of America, N.A.)

--Bremerton (WA) (Kitsap Regional Conference Center Parking Garage) weekly rate demand rev bonds ser 2003 (LOC: Bank of America, N.A.)

--Brevard County Educational Facilities Authority (FL) var-rate demand rev bonds ser B (LOC: Bank of America, N.A.)

--Bristol Health & Educational Facilities Authority (TN) (King College Project) rev bonds ser 2001 (LOC: Bank of America, N.A.)

--Broward County (FL) (Learjet Inc. Project) airport exempt facility rev bonds ser 2000 (LOC: Bank of America, N.A.)

--Brunswick & Glynn Counties (GA) (Coastal Sleeve Label, Inc. Project) industrial devel rev bonds ser 1998 (LOC: Bank of America, N.A.)

--Calhoun County Navigation District (TX) (Formosa Plastics Corp., Texas Project) port rev bonds ser 2000 (LOC: Bank of America, N.A.)

--California Department of Water Resources (CA) var-rate demand pwr supply rev bonds ser 2005F-4 (LOC: Bank of America, N.A.)

--California Pollution Control Financing Authority (CA) (Contra Costa Waste Service, Inc. Project) var-rate demand solid waste disposal rev bonds ser 1995A (LOC: Bank of America, N.A.)

--California Pollution Control Financing Authority (CA) (Escondido Disposal, Inc./JEMCO Equipment Corp. Project) var-rate demand solid waste disposal rev bonds ser 1998A (LOC: Bank of America, N.A.)

--California Pollution Control Financing Authority (CA) (Garaventa Enterprises, Inc. Project) var-rate demand solid waste disposal rev bonds ser 2000A (LOC: Bank of America, N.A.)

--California Pollution Control Financing Authority (CA) (Garaventa Enterprises, Inc. Project) var-rate demand solid waste disposal rev bonds ser 2006A (LOC: Bank of America, N.A.)

--California Pollution Control Financing Authority (CA) (Garaventa Enterprises, Inc. Project) var-rate demand solid waste disposal rev bonds ser 2008A (LOC: Bank of America, N.A.)

--California Pollution Control Financing Authority (CA) (Madera Disposal Systems, Inc. Project) var-rate demand solid waste disposal rev bonds ser 1998A (LOC: Bank of America, N.A.)

--California Pollution Control Financing Authority (CA) (SANCO Services, L.P. Project) var-rate demand solid waste disposal rev bonds ser 2002A (LOC: Bank of America, N.A.)

--California Pollution Control Financing Authority (CA) (West County Resource Recovery, Inc.) solid waste rfdg rev bonds ser 1999A (LOC: Bank of America, N.A.)

--California Statewide Communities Development Authority (CA) (Arthurmade Plastics, Inc. Project) industrial devel rev bonds ser 2000 (LOC: Bank of America, N.A.)

--California Statewide Communities Development Authority (CA) (Evapco, Inc. Project) weekly adj/fixed-rate industrial devel rev bonds ser 1996K (LOC: Bank of America, N.A.)

--California Statewide Communities Development Authority (CA) (Integrated Rolling Co. Project) var-rate demand industrial devel rev bonds ser 1999A (LOC: Bank of America, N.A.)

--California Statewide Communities Development Authority (CA) (JTF Enterprises, L.L.C. Project) weekly adj/fixed-rate enterprise zone facil rev bonds ser 1996A (LOC: Bank of America, N.A.)

--California Statewide Communities Development Authority (CA) (One Park Place) multifamily hsg rev bonds ser 1999PP (LOC: Bank of America, N.A.)

--California, State of (CA) GO bonds ser 2003C (LOC: Bank of America, N.A., Bank of Nova Scotia, Landesbank Hessen-Thueringen Girozentrale (Guaranteed Obligations))

--California, State of (CA) GO bonds ser 2003C (LOC: Bank of America, N.A., Bank of Nova Scotia, Landesbank Hessen-Thueringen Girozentrale (Guaranteed Obligations))

--California, State of (CA) GO bonds ser 2003C (LOC: Bank of America, N.A., Bank of Nova Scotia, Landesbank Hessen-Thueringen Girozentrale (Guaranteed Obligations))

--California, State of (CA) GO bonds ser 2003C (LOC: Bank of America, N.A., Bank of Nova Scotia, Landesbank Hessen-Thueringen Girozentrale (Guaranteed Obligations))

--CareNet Health Systems & Services, Inc. (MD) var-rate demand rev notes (taxable) ser 1999 (LOC: Bank of America, N.A.)

--Carroll County Water Authority (GA) (City of Temple Project) adj mode wtr & sewerage rev bonds ser 2003 (LOC: Bank of America, N.A.)

--Chattanooga Health, Educational, & Housing Facility Board (TN) (Southern Adventist University Project) var-rate rev bonds ser 2003 (LOC: Bank of America, N.A.)

--Chesapeake Industrial Development Authority (VA) (Tarmac Mid-Atlantic, Inc. Proj.) industrial devel rev rfdg bonds ser 1998 (LOC: Bank of America, N.A.)

--Clay County Utility Authority (FL) utils sys var-rate rev bonds ser 2003A (LOC: Bank of America, N.A.)

--Collier County Industrial Development Authority (FL) (Community School of Naples, Inc. Project) educ facil rev bonds ser 2002 (LOC: Bank of America, N.A.)

--Collier County Industrial Development Authority (FL) (Redlands Christian Migrant Association, Inc. Project) var-rate demand rev bonds ser 2001 (LOC: Bank of America, N.A.)

--Dalton Development Authority (GA) (Hamilton Health Care System) var-rate demand rev ctfs ser 2003B (LOC: Bank of America, N.A.)

--Davie (FL) (The United Jewish Community of Broward County, Inc. Project) var-rate demand rev bonds ser 2003 (LOC: Bank of America, N.A.)

--DeKalb County (IN) (New Process Steel, L.P. Project) econ devel rev bonds ser 2000 (LOC: Bank of America, N.A.)

--DeKalb County Development Authority (GA) (Marcus Institute Project) var-rate rev bonds ser 2000 (LOC: Bank of America, N.A.)

--District of Columbia (DC) (Fourteenth & Irving Ventures, L.L.C. Issue) Enterprize Zone var-rate rev bonds ser 2000 (LOC: Bank of America, N.A.)

--District of Columbia (DC) (Medlantic/Helix) multi-modal rev bonds ser 1998A-Tranche II (LOC: Bank of America, N.A.)

--District of Columbia (DC) (Medlantic/Helix) multi-modal rev bonds ser 1998A-Tranche III (LOC: Bank of America, N.A.)

--District of Columbia (DC) ballpark rev bonds (auction-rate securities) ser 2006B-2 (LOC: Bank of America, N.A.) (insured: Financial Guaranty Insurance Company)

--District of Columbia (DC) var-rate demand mutimodal GO rfdg bonds ser 2008B (LOC: Bank of America, N.A.)

--Dona Ana County (NM) (Southwest Steel Coil, Inc. Project) var-rate demand industrial rev bonds ser 1999 (LOC: Bank of America, N.A.)

--DuPage County (IL) (Morton Arboretum Project) var-rate demand rev bonds ser 2003 (LOC: Bank of America, N.A.)

--Educational Facilities Authority for Private Nonprofit Institutions of Higher Learning (SC) (Anderson College Project) educ facils rfdg & improv rev bonds (taxable) ser 2004B (LOC: Bank of America, N.A.)

--Educational Facilities Authority for Private Nonprofit Institutions of Higher Learning (SC) (Anderson College Project) educ facils rfdg & improv rev bonds ser 2004A (LOC: Bank of America, N.A.)

--Educational Facilities Authority for Private Nonprofit Institutions of Higher Learning (SC) (Charleston Southern University) educ facil rev bonds ser 2003 (LOC: Bank of America, N.A.)

--Educational Facilities Authority for Private Nonprofit Institutions of Higher Learning (SC) (Clafin University) var-rate educ facils rev bonds ser 2003 (LOC: Bank of America, N.A.)

--Educational Facilities Authority for Private Nonprofit Institutions of Higher Learning (SC) (Columbia College Project) var-rate demand educ facils rev bonds ser 2001 (LOC: Bank of America, N.A.)

--Educational Facilities Authority for Private Nonprofit Institutions of Higher Learning (SC) (Converse College Proj.) educ facil rev bonds ser 2000 (LOC: Bank of America, N.A.)

--Educational Facilities Authority for Private Nonprofit Institutions of Higher Learning (SC) (Voorhees College Project) var-rate demand educ facils rev bonds ser 2001 (LOC: Bank of America, N.A.)

--Emporia Industrial Development Authority (VA) (Toll VA III, L.P. Project) industrial devel rev bonds ser 1999 (LOC: Bank of America, N.A.)

--Everett (WA) GO ltd tax var-rate demand bonds ser 2001 (LOC: Bank of America, N.A.)

--Farmington (NM) (Independent Mobility System, Inc.) var-rate demand industrial rev bonds ser 1999B (LOC: Bank of America, N.A.)

--Fulton County Development Authority (GA) (Pace Academy, Inc. Project) var-rate demand bonds ser 2003 (LOC: Bank of America, N.A.)

--Fulton County Development Authority (GA) (Pace Academy, Inc.) var-rate demand rev bonds ser 1998 (LOC: Bank of America, N.A.)

--Fulton County Development Authority (GA) (Pace Academy, Inc.) var-rate demand rev bonds ser 2008 (LOC: Bank of America, N.A.)

--Fulton County Development Authority (GA) (St. George Village CCRC Project) var-rate rev bonds ser 2004 (LOC: Bank of America, N.A.)

--Greenup Village (IL) (EVAPCO, Inc. Project) var-rate demand industrial devel rev bonds ser 2002 (LOC: Bank of America, N.A.)

--Henrico County Industrial Development Authority (VA) (Hermitage at Cedarfield) health care facils rev rfdg bonds ser 1998 (LOC: Bank of America, N.A.)

--Hillsborough County (FL) (MOSI - Charter School Project) var-rate demand industrial devel rev bonds ser 2001 (LOC: Bank of America, N.A.)

--Hillsborough County (FL) (MOSI - IBHS Project) var-rate demand industrial devel rev bonds ser 2001 (LOC: Bank of America, N.A.)

--Hillsborough County Educational Facilities Authority (FL) (University of Tampa Project) rev bonds ser 2000 (LOC: Bank of America, N.A.)

--Hillsborough County Industrial Development Authority (FL) (Independent Day School Proj.) var-rate demand rev bonds ser 2000 (LOC: Bank of America, N.A.)

--Hillsborough County Industrial Development Authority (FL) (Tampa Metropolitan Area YMCA Project) var-rate demand rev bonds ser 2000 (LOC: Bank of America, N.A.)

--Illinois Development Finance Authority (IL) (WTVP Channel 47 Project) var-rate demand rev bonds ser 2001-A (LOC: Bank of America, N.A.)

--Illinois Development Finance Authority (IL) (WTVP Channel 47 Project) var-rate demand rev bonds ser 2001-B (LOC: Bank of America, N.A.)

--Iowa Finance Authority (IA) (Community Y of Marshalltown Project) Wellness Facility rev bonds ser 2001 (LOC: Bank of America, N.A.)

--Iredell County Industrial Facilities & Pollution Control Financing Authority (NC) (B&B Fabricators, Inc. Project) industrial devel rev bonds ser 1999 (LOC: Bank of America, N.A.)

--Jacksonville Economic Development Commission (FL) (Episcopal High School of Jacksonville, Florida, Inc. Proj.) educ facil rev bonds ser 2002 (LOC: Bank of America, N.A.)

--Jacksonville Economic Development Commission (FL) (YMCA of Florida First Coast Proj) var-rate demand rev & rfdg bonds ser 2003 (LOC: Bank of America, N.A.)

--Jacksonville Health Facilities Authority (FL) (Samuel C. Taylor Foundation Project) health care facil rev bonds ser 1998 (LOC: Bank of America, N.A.)

--Jewish Federation of Greater Orlando, Inc. (The) (FL) var-rate demand rev bonds ser 2003 (LOC: Bank of America, N.A.)

--Joplin Industrial Development Authority (MO) (Smith & Smith Investment L.C. Project) industrial devel rev bonds ser 1999 (LOC: Bank of America, N.A.)

--King County Housing Authority (WA) (Landmark Apartments Project) var-rate demand hsg rev bonds ser 2002 (LOC: Bank of America, N.A.)

--Kirkwood Industrial Development Authority (MO) (Concordia Lutheran Church Community Recreational Facilities Project) var-rate demand rev

bonds ser 2001 (LOC: Bank of America, N.A.)

--Lexington-Fayette Urban County Government (KY) (Richmond Place Associates, L.P. Project) residential facils rfdg rev bonds ser 1987 (LOC: Bank of America, N.A.)

--Los Angeles (CA) var-rate wastewtr sys sub rev rfdg bonds ser 2008-F1 (LOC: Bank of America, N.A.)

--Los Angeles (CA) var-rate wastewtr sys sub rev rfdg bonds ser 2008-F2 (LOC: Bank of America, N.A.)

--Los Angeles (CA) var-rate wastewtr sys sub rev rfdg bonds ser 2008-G (LOC: Bank of America, N.A.)

--Los Angeles (CA) var-rate wastewtr sys sub rev rfdg bonds ser 2008-H (LOC: Bank of America, N.A.)

--Manatee County (FL) (Saint Stephen's Upper School Project) var-rate demand rev bonds ser 2000 (LOC: Bank of America, N.A.)

--Maryland Economic Development Corp. (MD) (Maryland Soccer Foundation, Inc. Proj.) var-rate econ devel rev bonds ser 2000 (LOC: Bank of America, N.A.)

--Maryland Health & Higher Educational Facilities Authority (MD) (Charlestown Community Issue) rev bonds ser 1998A (LOC: Bank of America, N.A.)

--Maryland Health & Higher Educational Facilities Authority (MD) (Charlestown Community Issue) rev bonds ser 1998B (LOC: Bank of America, N.A.)

--Miami-Dade County Educational Facilities Authority (FL) (Carlos Albizu University Proj.) rev bonds ser 2000 (LOC: Bank of America, N.A.)

--Miami-Dade County Educational Facilities Authority (FL) (Florida Memorial College Project) var-rate demand rev bonds ser 1998 (LOC: Bank of America, N.A.)

--Miami-Dade County Educational Facilities Authority (FL) (Florida Memorial College Project) var-rate demand rev bonds ser 2003 (LOC: Bank of America, N.A.)

--Miami-Dade County Housing Finance Authority (FL) (Ward Towers Assisted Living Facility Project) multifamily hsg rev bonds ser 2002-8 (LOC: Bank of America, N.A.)

--Miami-Dade County Industrial Development Authority (FL) (Cushman School, Inc. Project) var-rate demand rev bonds ser 2002 (LOC: Bank of America, N.A.)

--Miami-Dade County Industrial Development Authority (FL) (Gulliver Schools Project) rev bonds ser 2000 (LOC: Bank of America, N.A.)

--Middle Coastal Unified Development Authority (GA) (YMCA of Coastal Georgia Project) var-rate demand rev bonds ser 2005 (LOC: Bank of America, N.A.)

--Midlothian Industrial Development Corp. (TX) (Holnam Texas Ltd. Partnership Project) environmental facil rev bonds ser 1999 (LOC: Bank of America, N.A.)

--Montgomery County (MD) (George Meany Center for Labor Studies - The National Labor College Facility) var-rate econ devel rev bonds ser 2004 (LOC: Bank of America, N.A.)

Montgomery County (MD) (Rehabilitation Opportunities, Inc. Project) var-rate econ devel rev bonds ser 2001 (LOC: Bank of America, N.A.)

--Montgomery County (MD) (The Institute for Genomic Research ,Inc. Facility) var-rate econ devel rev bonds ser 2002 (LOC: Bank of America, N.A.)

--Nashville & Davidson County Metropolitan Government Health & Educational Facilities Board (TN) (Alive Hospice, Inc. Project) rev bonds ser 1999 (LOC: Bank of America, N.A.)

--Nashville & Davidson County Metropolitan Government Health & Educational Facilities Board (TN) (Meharry Medical College Project) var-rate rev & rfdg bonds ser 1998 (LOC: Bank of America, N.A.)

--Nashville & Davidson County Metropolitan Government Industrial Development Board (TN) (Nashville Symphony Hall Project) var-rate rev bonds ser 2004 (LOC: Bank of America, N.A.)

--Nashville & Davidson County Metropolitan Government Industrial Development Board (TN) (YMCA Project) rev bonds ser 1998 (LOC: Bank of America, N.A.)

--Nassau County (NY) multi-modal GO bonds ser 2007A (LOC: Bank of America, N.A.)

--Nassau County (NY) multi-modal GO bonds ser 2007B (LOC: Bank of America, N.A.)

--Nelson County Industrial Development Authority (VA) (Taylor-Ramsey Corp. Project) industrial devel rev bonds ser 1999 (LOC: Bank of America, N.A.)

--Nevada Department of Business & Industry (NV) (Nevada Cancer Institute Proj) var-rate demand rev bonds ser 2003 (LOC: Bank of America, N.A.)

--New Jersey Economic Development Authority (NJ) (International Processing Corp. Project) var-rate demand econ devel rev bonds ser 2003 (LOC: Bank of America, N.A.)

New York City (NY) adj-rate GO bonds fiscal ser 2004A-2 (LOC: Bank of America, N.A.)

--New York City Industrial Development Agency (NY) (New York City - New York Stock Exchange Project) adj-rate special rev bonds fiscal ser 2004B (LOC: Bank of America, N.A.)

--New York City Industrial Development Agency (NY) (Planned Parenthood Federation of America, Inc. Project) civic facil var-rate demand rev bonds ser 2002 (LOC: Bank of America, N.A.)

--Norfolk (VA) var-rate pkg sys rev bonds ser 2000A (LOC: Bank of America, N.A.)

--North Carolina Agricultural Finance Authority (NC) (Southern Bales Gin and Cotton Company, LLC Project) agricultural devel rev bonds ser 2001 (LOC: Bank of America, N.A.)

--North Carolina Capital Facilities Finance Agency (NC) (Elon College) rev rfdg bonds ser 2001A (LOC: Bank of America, N.A.)

--North Carolina Capital Facilities Finance Agency (NC) (Elon University) rev bonds ser 2001C (LOC: Bank of America, N.A.)

--North Carolina Capital Facilities Finance Agency (NC) (Goodwill Community Foundation Project) var-rate demand rev bonds ser 2002 (LOC: Bank of America, N.A.)

--North Carolina Capital Facilities Finance Agency (NC) (Greensboro College Project) var-rate educ facils rev bonds ser 2003 (LOC: Bank of America, N.A.)

--North Carolina Capital Facilities Finance Agency (NC) (Greensboro Day School) var-rate educ facils rev bonds ser 2001 (LOC: Bank of America, N.A.)

--North Carolina Capital Facilities Finance Agency (NC) (North Carolina Aquarium Society Project) rev bonds ser 2004 (LOC: Bank of America, N.A.)

--North Carolina Capital Facilities Finance Agency (NC) (Queens College) var-rate educ facils rev bonds ser 2001 (LOC: Bank of America, N.A.)

--North Carolina Capital Facilities Finance Agency (NC) (The Montessori Children's Center, Inc.) var-rate rev bonds ser 2005 (LOC: Bank of America, N.A.)

--North Carolina Capital Facilities Finance Agency (NC) (Thompson Children's Home) var-rate educ facils rev bonds ser 2000 (LOC: Bank of America, N.A.)

North Carolina Capital Facilities Finance Agency (NC) (Wolfpack Club Project) var-rate rev bonds ser 2002 (LOC: Bank of America, N.A.)

--North Carolina Educational Facilities Finance Agency (NC) (Cardinal Gibbons High School Project) var-rate demand educ facils rev bonds ser 1999 (LOC: Bank of America, N.A.)

--North Carolina Educational Facilities Finance Agency (NC) (Charlotte Country Day School Project) var-rate educ facils rev bonds ser 2000 (LOC: Bank of America, N.A.)

--North Carolina Educational Facilities Finance Agency (NC) (Elon College) rev bonds ser 2000 (LOC: Bank of America, N.A.)

--North Carolina Educational Facilities Finance Agency (NC) (Providence Day School) var-rate educ facils rev bonds ser 1999 (LOC: Bank of America, N.A.)

--North Carolina Educational Facilities Finance Agency (NC) (Queens College) var-rate educ facils rev bonds ser 1999A (LOC: Bank of America, N.A.)

--North Carolina Educational Facilities Finance Agency (NC) (Queens College) var-rate educ facils rev bonds ser 1999B (LOC: Bank of America, N.A.)

---North Carolina Medical Care Commission (NC) (Cleveland Regional Medical Center Project) var-rate demand health care facil rev bonds ser 2001 (LOC: Bank of America, N.A.)

--North Carolina Medical Care Commission (NC) (Friends Homes, Inc.) health care facils 1st mtge rev bonds ser 2003 (LOC: Bank of America, N.A.)

--North Carolina Medical Care Commission (NC) (Lutheran Retirement Ministries Project) var-rate demand rev bonds ser 1999 (LOC: Bank of America, N.A.)

--North Carolina, State of (NC) (Community of Butner & Camp Butner Reservation) wtr & swr sys rev bonds ser 2001 (LOC: Bank of America, N.A.)

--Northwest University (WA) adj-rate demand rev bonds (taxable) ser 2007 (LOC: Bank of America, N.A.)

Oklahoma County Industrial Authority (OK) (National Cowboy Hall of Fame Project) rev bonds ser 1999 (LOC: Bank of America, N.A.)

--Oklahoma Development Finance Authority (OK) (Tracker Marine Project) industrial devel rev bonds ser 2003 (LOC: Bank of America, N.A.)

--Oklahoma Industries Authority (OK) (Tealridge Manor Corp. Project) rev bonds ser 2001 (LOC: Bank of America, N.A.)

Olathe (KS) (TransAm Trucking Project) var-rate demand industrial devel rev bonds ser 1998A (LOC: Bank of America, N.A.)

--Orange County Educational Facilities Authority (FL) (Rollins College Project) educ facils rfdg rev bonds ser 2008 (LOC: Bank of America, N.A.)

--Orange County Health Facilities Authority (FL) (Presbyterian Retirement Communities, Inc. Project) rev bonds ser 1998 (LOC: Bank of America, N.A.)

--Orange County Industrial Development Authority (FL) (Central Florida YMCA Project) industrial devel rev bonds ser 2002A (LOC: Bank of America, N.A.)

--Orange County Industrial Development Authority (FL) (Jewish Federation of Greater Orlando, Inc. Project) var-rate demand rev bonds ser 2003 (LOC: Bank of America, N.A.)

--Orange County Industrial Development Authority (FL) (Lake Highland Preparatory School, Inc.) var-rate demand rev bonds ser 2005 (LOC: Bank of America, N.A.)

--Orange County Industrial Development Authority (FL) (Lake Highland Preparatory School, Inc.) var-rate demand rev rfdg bonds ser 2007 (LOC: Bank of America, N.A.)

--Oregon, State of (OR) (Oregon Precision Industries, Inc.) var-rate demand econ devel rev bonds ser 204A (LOC: Bank of America, N.A.)

Oregon, State of (OR) (Oregon Precision Industries, Inc.) var-rate demand econ devel rev bonds ser 204B (LOC: Bank of America, N.A.)

--Palm Beach County (FL) (Benjamin Private School, Inc. Project) var-rate demand rev bonds ser 2003 (LOC: Bank of America, N.A.)

--Palm Beach County (FL) (Hanley Center) var-rate demand rev bonds ser 2006 (LOC: Bank of America, N.A.)

--Palm Beach County (FL) (Saint Andrew's School of Boca Raton, Inc. Project) var-rate demand rev rfdg bonds ser 2003 (LOC: Bank of America, N.A.)

--Palm Beach County (FL) (Saint Andrew's School of Boca Raton, Inc. Project) var-rate demand rev rfdg bonds ser 2007 (LOC: Bank of America, N.A.)

--Palm Beach County (FL) (The Children's Home Society of Florida) var-rate demand rev bonds ser 2008 (LOC: Bank of America, N.A.)

--Palm Beach County Educational Facilities Authority (FL) (Lynn University Project) var-rate demand educ facils rev bonds ser 2001 (LOC: Bank of America, N.A.)

--Palm Beach County Educational Facilities Authority (FL) (Palm Beach Atlantic College, Inc. Project) educ facil rev bonds ser 2001 (LOC: Bank of America, N.A.)

--Palm Beach County Educational Facilities Authority (FL) (Palm Beach Atlantic University, Inc. Project) educ facils rev bonds ser 2008 (LOC: Bank of America, N.A.)

--Pasco County (FL) (Academy at the Lakes Day School, Inc. Project) industrial devel rev bonds ser 2001 (LOC: Bank of America, N.A.)

--Pasco County (FL) (Pac-Med, Inc. Project) industrial devel rev bonds ser 1999 (LOC: Bank of America, N.A.)

--Philadelphia School District (PA) GO rfdg bonds ser 2008A (LOC: Bank of America, N.A.) (gtd: Pennsylvania, Commonwealth of)

--Philadelphia School District (PA) GO rfdg bonds ser 2008A (LOC: Bank of America, N.A.) (gtd: Pennsylvania, Commonwealth of)

--Philadelphia School District (PA) GO rfdg bonds ser 2008A (LOC: Bank of America, N.A.) (gtd: Pennsylvania, Commonwealth of)

--Philadelphia School District (PA) GO rfdg bonds ser 2008A (LOC: Bank of America, N.A.) (gtd: Pennsylvania, Commonwealth of)

--Phoenix Industrial Development Authority (AZ) (Jewell McFarland Lewis Fresh Start Women's Resource Center Project) rev bonds ser 2002 (LOC: Bank of America, N.A.)

--Pierce County Economic Development Corp. (WA) (Harold LeMay Enterprises, Inc. Project) var-rate demand solid waste rev bonds ser 1999 (LOC: Bank of America, N.A.)

--Pinellas County Education Facilities Authority (FL) (Barry University) var-rate demand rev & rfdg bonds ser 2007 (LOC: Bank of America, N.A.)

--Pinellas County Industrial Development Authority (FL) (PACT, Inc. Project) industrial devel authority rev bonds ser 2003 (LOC: Bank of America, N.A.)

--Pinellas County Industry Council (FL) (Chi Chi Rodriguez Youth Foundation Project) var-rate demand rev bonds ser 1998 (LOC: Bank of America, N.A.)

Pitt County Industrial Facilities & Pollution Control Financing Authority (NC) (Carolina Classics Catfish, Inc. Project) industrial devel rev bonds ser 1999 (LOC: Bank of America, N.A.)

--Polk County Industrial Development Authority (FL) (Watson Clinic LLP Project) industrial devel rev bonds ser 1999 (LOC: Bank of America, N.A.)

--Port of Centralia Industrial Development Corp. (WA) (Harold LeMay Enterprises, Inc. Project) var-rate demand solid waste rev bonds ser 1999 (LOC: Bank of America, N.A.)

--Port of Olympia Economic Development Corp. (WA) (Harold LeMay Enterprises, Inc. Project) var-rate demand solid waste rev bonds ser 1999 (LOC: Bank of America, N.A.)

--Port of Olympia Economic Development Corp. (WA) (Harold LeMay Enterprises, Inc. Project) var-rate demand solid waste rev bonds ser 1999 (LOC: Bank of America, N.A.)

--Rhode Island Health & Educational Building Corp. (RI) (Rhode Island School of Design Issue) higher educ facil rev rfdg bonds ser 2008A (LOC: Bank of America, N.A.)

Rhode Island Health & Educational Building Corp. (RI) (Rhode Island School of Design Issue) higher educ facil rev rfdg bonds ser 2008B (LOC: Bank of America, N.A.)

--Riverside (CA) (Riverside Renaissance) var-rate rfdg COPs ser 2008 (LOC: Bank of America, N.A.)

--Sac County (IA) (EVAPCO, Inc. Project) industrial rev bonds ser 2000 (LOC: Bank of America, N.A.)

--Sacramento County Sanitation Districts Financing Authority (CA) (Sacramento Regional County Sanitation District) sub lien var-rate rev bonds ser 2000C (LOC: Bank of America, N.A.)

--Sarasota County Health Facilities Authority (FL) (Bay Village of Sarasota, Inc. Project) health facil rev bonds ser 1998 (LOC: Bank of America, N.A.)

--Snohomish County Housing Authority (WA) (Ebey Arms, Centerhouse, Valley Commons and Raintree Village Proj) var-rate demand rev & rfdg bonds ser 2003 (LOC: Bank of America, N.A.)

--Snohomish County Public Hospital District No. 2 (WA) (Stevens Healthcare) GO ltd tax improv & rfdg bonds ser 1999 (LOC: Bank of America, N.A.)

--South Carolina Jobs-Economic Development Authority (SC) (Anderson Area YMCA, Inc. Proj.) econ devel rev bonds ser 1999 (LOC: Bank of America, N.A.)

--South Carolina Jobs-Economic Development Authority (SC) (Carolina Piedmont Foundation, Inc. Project) rev bonds ser 2002 (LOC: Bank of America, N.A.)

--South Carolina Jobs-Economic Development Authority (SC) (Community Young Men's Christian Association of Rock Hill, S.C. Project) econ devel rev bonds ser 2004 (LOC: Bank of America, N.A.)

--South Carolina Jobs-Economic Development Authority (SC) (Concept Packaging Group Project) econ devel rev bonds ser 2000 (LOC: Bank of America, N.A.)

South Carolina Jobs-Economic Development Authority (SC) (Goodwill Industries of Lower South Carolina, Inc. Project) tax-exempt var-rate demand econ devel rev bonds ser 2005 (LOC: Bank of America, N.A.)

--South Carolina Jobs-Economic Development Authority (SC) (MUFC Central Energy Plant) econ devel rev bonds ser 2004 (LOC: Bank of America, N.A.)

--South Carolina Jobs-Economic Development Authority (SC) (Ortec, Inc. Project) econ devel rev bonds ser 2000B (LOC: Bank of America, N.A.)

--South Carolina Jobs-Economic Development Authority (SC) (Palmetto Health) var rate demand hosp rfdg rev bonds ser 2008A (LOC: Bank of America, N.A.)

--South Carolina Jobs-Economic Development Authority (SC) (Palmetto Health) var rate demand hosp rfdg rev bonds ser 2008B (LOC: Bank of America, N.A.)

--South Carolina Jobs-Economic Development Authority (SC) (Young Men's Christian Association of Greenville Project) econ devel rev bonds ser 2001 (LOC: Bank of America, N.A.)

South Carolina Transportation Infrastructure Bank (SC) rev rfdg bonds ser 2003B-1 (LOC: Bank of America, N.A.) (insured: XL Capital Assurance Inc.)

--Southeastern California Conference of Seventh-Day Adventist (CA) adj-rate demand rev bonds (taxable) ser 2008 (LOC: Bank of America, N.A.)

--Splendora Higher Education Facilities Corporation (TX) (Fellowship Christian Academy Project) var-rate demand rev bonds ser 2001 (LOC: Bank of America, N.A.)

--St. Louis County Industrial Development Authority (MO) (Hammert's Iron Works, Inc.) industrial devel rev bonds ser 1999 (LOC: Bank of America, N.A.)

--Stanislaus County Capital Improvements Financing Authority (CA) (Gallo Center for the Arts) var-rate demand rev bonds ser 2004 (LOC: Bank of America, N.A.)

--Sullivan County Health, Education & Housing Facilities Board (TN) (Wellmont Health System) hosp rev rfdg bonds ser 2005 (LOC: Bank of America, N.A.)

--Sylacauga Industrial Development Board (AL) (Harrell's Fertilizer Inc.) industrial devel rev bonds ser 2001 (LOC: Bank of America, N.A.)

--Tacoma Goodwill Industries (WA) var rate demand rev bonds ser 2003 (LOC: Bank of America, N.A.)

Tampa (FL) (Lowry Park Zoological Society of Tampa, Inc. Project) var-rate demand rev bonds ser A (LOC: Bank of America, N.A.)

--Tucson Airport Authority, Inc. (AZ) rev bonds ser 2003A (LOC: Bank of America, N.A.)

--Tulsa Industrial Authority (OK) (Southwest United Industries, Inc./Southwest Aeroservice, Inc. Project) industrial devel rev bonds ser 1998 (LOC: Bank of America, N.A.)

--Unified Government of Athens-Clarke County Development Authority (GA) (University of Georgia Athletic Association Project) rev bonds ser 2003 (LOC: Bank of America, N.A.)

--Union County Industrial Facilities & Pollution Control Financing Authority (NC) (C&M No. 1 Investment Partnership Project) industrial devel rev bonds ser 2000 (LOC: Bank of America, N.A.)

--University Hospitals Trust (OK) var-rate rev bonds ser 2005A (LOC: Bank of America, N.A.)

University Hospitals Trust (OK) var-rate rev bonds ser 2005B (LOC: Bank of America, N.A.)

--Warren County Industrial Development Authority (KY) (Stupp Bros., Inc.) industrial devel rev bonds ser 1998B-1 (LOC: Bank of America, N.A.)

--Warren County Industrial Development Authority (KY) (Stupp Bros., Inc.) industrial devel rev bonds ser 1998B-2 (LOC: Bank of America, N.A.)

--Washington Economic Development Finance Authority (WA) (LeMay Enterprises Project) var-rate demand solid waste disposal rev bonds ser 2005B (LOC: Bank of America, N.A.)

--Washington Health Care Facilities Authority (WA) (Inland Northwest Blood Center) weekly demand rev bonds ser 2001 (LOC: Bank of America, N.A.)

--Washington Industrial Development Authority (MO) (Pauwels Transformers Inc. Project) industrial devel rev bonds (taxable) ser 1999 (LOC: Bank of America, N.A.)

--Washington State Housing Finance Commission (WA) (Emerald Heights Project) var-rate nonprofit rev & rfdg bonds ser 2003 (LOC: Bank of America, N.A.)

--Washington State Housing Finance Commission (WA) (United Way of King County Project) var-rate demand nonprofit rev bonds ser 2003 (LOC: Bank of America, N.A.)

--Watson Clinic LLP (FL) var-rate demand notes ser 1999 (LOC: Bank of America, N.A.)

--Western Placer Unified School District (CA) (School Facilites Project) adj-rate COPs ser 2003B (LOC: Bank of America, N.A.)

--Western Placer Unified School District (CA) (School Facilities Project) adj-rate COPs ser 2003 (LOC: Bank of America, N.A.)

--Yakima County Public Corp. (WA) (Valley Processing Project) var-rate demand rev bonds ser 2000 (LOC: Bank of America, N.A.)

Fitch's rating definitions and the terms of use 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 are also available from the 'Code of Conduct' section of this site.
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