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Article: Fitch Rates RSB BondCo LLC, Series A.
- Article from:
- Business Wire
- Article date:
- June 29, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- Fitch rates RSB BondCo LLC, Series A as follows:
--$284,000,000 5.47% tranche A-1 'AAA';
--$220,000,000 5.72% tranche A-2 'AAA';
--$119,200,000 5.82% tranche A-3 'AAA'.
The collateral securing the rate stabilization bonds (RSBs) consists primarily of rate stabilization property, which represents the right to collect a tariff (qualified rate stabilization charge, or QRSC) from Baltimore Gas & Electric Company's (BGE) residential electric customers.
The ratings are based on the strength and stability of the underlying QRSC as established by the 2006 Maryland legislation codified in Public Utility Companies Article ...