Latest Fitch Group Stories
Fitch Ratings has assigned an 'A+' rating to Verizon Communications, Inc.'s (Verizon) (NYSE: VZ) proposed offering of $2 billion to $3 billion of senior unsecured notes. The proceeds will be used to repay commercial paper and for general corporate purposes.
Fitch Ratings has assigned an 'A' rating to the Municipal Energy Agency of Nebraska's (MEAN) $75.91 million 2008 series A subordinate power supply system revenue bonds. At the same time, Fitch has affirmed the 'A' on MEAN's outstanding prior lien and subordinate lien bonds.
Fitch Ratings assigns an 'A' rating to $224 million Airport Commission, City and County of San Francisco, CA, San Francisco International Airport (SFO, or the airport), second series revenue notes, series 2008A AMT (subject to alternative minimum tax).
Fitch Ratings upgrades to 'A+' from 'A-' Muscatine Power & Water's (MPW) outstanding electric system revenue bonds. The Rating Outlook is Stable.
Fitch Ratings has affirmed the 'A+' rating for the Kerrville Utility Board, TX's (KPUB) $13 million in outstanding electric revenue bonds. The Rating Outlook is Stable.
Fitch Ratings has affirmed the debt ratings of Express Pipeline LLC/Express Pipeline LP (collectively, Express) as follows: --6.47% senior secured notes due 2013 at 'A-'; --6.09% senior secured guaranteed notes due 2020 at 'A-'; --7.39% subordinated secured notes due 2019 at 'BBB-'.
Fitch Ratings has placed $16.5 million in outstanding Commonwealth Ports Authority (CPA), Commonwealth of the Northern Mariana Islands (CNMI), airport revenue bonds, 1998 senior series A, on Rating Watch Negative. The bonds are currently rated 'CCC'.
Fitch Ratings has assigned an 'A+' rating to the expected issuance of approximately $90 million Washington Health Care Facilities Authority revenue and refunding bonds series 2008 on behalf of Seattle Cancer Care Alliance (SCCA). The Rating Outlook is Stable.
Fitch Ratings assigns an 'AA-' rating to the expected issuance of up to $350 million of series 2008A-D revenue and refunding bonds to be issued on behalf of MedAmerica Health Systems-Miami Valley Hospital (MedAmerica) listed below.
Fitch Ratings has affirmed the 'BBB+' rating on approximately $11.8 million Idaho Health Facilities Authority hospital revenue bonds (Idaho Elks Rehabilitation Hospital (Idaho Elks)), series 1998 currently outstanding. The Rating Outlook is Stable.
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