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Article: Fitch Rates $16.635MM Alaska Industrial Development & Export Auth Rfdg Revs Ser 2009B 'AA+/F1+'.

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Investment Weekly News
Article date:
November 21, 2009
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Fitch Ratings has assigned a rating of 'AA+/F1+' to the $16,635,000 Alaska Industrial Development and Export Authority refunding revenue bonds (Greater Fairbanks Community Hospital Foundation Project) series 2009B. The 'AA+' long-term component of the rating is based jointly on the rating that Fitch has assigned to the foundation's revenue bonds (currently rated 'A') and the support provided by an irrevocable, direct-pay letter of credit (LOC) issued by Bank of Montreal (currently rated 'AA-/F1+'), acting through its Chicago Branch. (For information about the basis for the long-term component of the rating, see the criteria report entitled 'Dual-Party Pay Criteria for ...

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