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Article: Fitch Rates The Walt Disney Family Museum (California) $59MM Revs 'AA-'.
- Article from:
- Business Wire
- Article date:
- February 27, 2008
CopyrightCOPYRIGHT 2008 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 Ratings assigns an 'AA-' rating to approximately $59.1 million of California Infrastructure and Economic Development Bank (the issuer) revenue bonds series 2008, issued on behalf of The Walt Disney Family Museum, LLC (the museum). The bonds are ultimately secured by the absolute and unconditional guarantee of the Walt and Lilly Disney Foundation (the Disney Foundation) payable from loan payments to be made by the museum pursuant to a Loan Agreement between the museum and the issuer. The loan payments are an unsecured general obligation of the museum. The bonds are expected to sell via negotiation on or about March 11, 2008. The Rating Outlook is Stable.
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