Fitch Withdraws S-T Rating on New York City (NY) Series 2008J-12 Bonds
April 01 2015 - 1:54PM
Business Wire
Fitch Ratings withdraws the 'F1' short-term rating on the
following bond:
--New York City (NY) general obligation bonds (taxable) series
fiscal 2008J-12.
The short-term rating withdrawal is in connection with the
conversion of the bonds from the weekly rate mode to the fixed rate
mode and termination of the Dexia Credit Local standby bond
purchase agreement (SBPA) supporting the bonds.
Additional information is available at
'www.fitchratings.com'.
Applicable Criteria and Related Research:
-- 'U.S. Municipal Structured Finance Rating Criteria' (Feb. 23,
2015);
--' Rating Guidelines for Variable-Rate Demand Obligations and
Commercial Paper Issued with External Liquidity Support' (Jan. 22,
2015).
Applicable Criteria and Related Research:
U.S. Municipal Structured Finance Rating Criteria - Effective
Apr. 25, 2011 to Feb. 28, 2012
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=624129
Rating Guidelines for Variable-Rate Demand Obligations and
Commercial Paper Issued with External Liquidity Support
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=856189
Additional Disclosure
Solicitation Status
http://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=982340
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ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.
Fitch RatingsPrimary Analyst:Richard Park,
+1-212-908-0289DirectorFitch Ratings, Inc.33 Whitehall StreetNew
York, NY 10004orSecondary Analyst:Joseph Staffa,
+1-212-908-0829Senior DirectororElizabeth Fogerty,
+1-212-908-0526Media Relations, New
Yorkelizabeth.fogerty@fitchratings.com