Fitch: Additional CMBS Actions Unlikely as Peter Cooper/Stuy Town Moves to Special Servicing Nov 6, 2009 06:05PM

NEW YORK--(BUSINESS WIRE)-- Fitch Ratings does not expect to take any negative rating actions following the transfer of the Peter Cooper Village/Stuyvesant Town (PCV/ST) loan to special servicing today. The $3 billion A-Note was transferred to CWCapital, as special servicer, due to the sponsors' request for relief. Details of the request for relief by Tishman Speyer Properties, LP and Blackrock Realty are not immediately available. Fitch expected the transfer of the loan to special servicing as cash flow generated by the property remains insufficient to service the debt. Debt service reserves are ...


Fitch Withdraws Underlying Rtgs on Pre-refunded Minn-St. Paul Metro Airports Comm, MN Airport Revs Nov 6, 2009 05:37PM

NEW YORK--(BUSINESS WIRE)-- Fitch Ratings has withdrawn the Minneapolis-St. Paul Metropolitan Airports Commission, Minnesota airport revenue bonds: Fitch withdraws its 'AA-' long-term underlying rating for the following bonds because the bonds have been pre-refunded: --Minneapolis-St. Paul Metropolitan Airports Commission (MN) airport revenue bonds (non-AMT) series 2000A; ...


Fitch Rates Beverly Hills, California's $75.1MM 2009 Lease Revs 'AA+'; Outlook Stable Nov 6, 2009 05:13PM

SAN FRANCISCO--(BUSINESS WIRE)-- Fitch Ratings assigns an 'AA+' rating to $75.1 million City of Beverly Hills Public Financing Authority (Los Angeles County, California) 2009 lease revenue bonds (Capital Improvement and Refunding Project). In addition, Fitch affirms its 'AA+' rating on the City of Beverly Hills' (the city) $192.9 million outstanding lease revenue bonds and its implied general obligation (GO) bond rating of 'AAA.' The city has no outstanding GO bonds. The Rating Outlook is Stable. The lease revenue bonds are expected to sell via negotiation during the week of Nov. 9, 2009. Bond ...


Fitch Upgrades CYCL's Ratings to 'A' Following Acquisition Nov 6, 2009 04:51PM

CHICAGO--(BUSINESS WIRE)-- Fitch Ratings has upgraded the following ratings of Centennial Communications Corp. (CYCL) and its subsidiaries subsequent to AT&T's Inc. (AT&T) announcement that it had completed the acquisition of CYCL on Nov. 6, 2009. Certain ratings will also be withdrawn. CYCL --Issuer Default Rating (IDR) upgraded to 'A' from 'B'; --Senior ...


Fitch Rates NY State Empire State Dev Corp $1.5B PIT Bonds 'AA-'; Outlook Stable Nov 6, 2009 03:48PM

NEW YORK--(BUSINESS WIRE)-- Fitch Ratings assigns an 'AA-' rating to $1.5 billion Empire State Development Corporation (New York State Urban Development Corporation) state personal income tax (PIT) revenue bonds (general purpose), consisting of --$501,510,000 series 2009C, --$224,120,000 series 2009D (federally taxable), --$775,615,000 series 2009E (federally taxable-Build America Bonds). The bonds are scheduled to sell the week of Nov. 16, 2009 through negotiation, and the par amounts are subject to ...


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Nov 6, 2009 03:31PM Fitch Affirms Campbell's IDRs at 'A/F1'; Outlook Stable
Nov 6, 2009 03:27PM Fitch Corrects Bond Description on Wayne County, Michigan's $25MM Limited Tax GOs
Nov 6, 2009 03:21PM Fitch Rates Northside ISD, TX's $85.4MM ULT Bonds 'AA'; Outlook Stable
Nov 6, 2009 03:19PM Fitch Rates California Public Works Board $1.3B Lease Revs 'BBB-'
Nov 6, 2009 03:14PM Fitch Affirms Malibu Loan Fund, LLC
Nov 6, 2009 03:07PM Fitch Rates Manhattan, Kansas' Special Obligations 'A+'; Outlook Stable
Nov 6, 2009 02:56PM Fitch Upgrades Guthrie Health's (PA) Rev Bonds to 'A+' from 'A', Outlook Stable
Nov 6, 2009 02:43PM Fitch Rates Minneapolis, Minnesota's $46.4MM GOs 'AAA'; Outlook Stable
Nov 6, 2009 02:27PM Fitch Withdraws Rating on CA Enterprise Dev Auth (Community Hospice), VRDBs Series 2006
Nov 6, 2009 02:23PM Fitch Affirms Life Care Ponte Vedra, Florida's Bonds at 'BBB'; Outlook Stable
Nov 6, 2009 02:08PM Fitch Affirms Cottage Health System's (CA) Ratings at 'AA-/F1+'; Outlook Stable
Nov 6, 2009 01:49PM Fitch Rates Bethel, Connecticut's 2009 GOs 'AA' & GO BANs 'F1+'; Outlook Stable
Nov 6, 2009 12:55PM Fitch Assigns 'A+' to Anchorage Muni Light & Power (AK) Electric Revs; Outlook Stable
Nov 6, 2009 12:25PM Fitch Rates Morgan Stanley Re-Remic Trust 2009-IO
Nov 6, 2009 12:16PM Fitch Rates Telmex US$500MM Notes Due 2019 'A-'
Nov 6, 2009 12:12PM Fitch Rates Higher Education Loan Authority of the State of Missouri, Series 2009-1
Nov 6, 2009 11:47AM Fitch Rates Memphis, Tennessee's $20MM 2009 Sanitary Sewer Revs 'AA-'; Outlook Stable
Nov 6, 2009 11:37AM Fitch Rates Virginia Beach, Virginia's GOs 'AA+'; Outlook Stable
Nov 6, 2009 11:37AM Fitch Rates Entergy Texas Restoration Funding, LLC
Nov 6, 2009 10:35AM Fitch Revises Speare Memorial Hospital's (NH) Rev Bond Outlook to Stable; Affirms Rating at 'BBB-'
Nov 6, 2009 10:20AM Fitch Conference: Commercial Real Estate Decline & Negative Credit Effects; Muni Market Downturn
Nov 6, 2009 10:19AM Fitch Affirms 2 Classes from Mississippi HE Assistance Corp, 1993 Master Trust; Assigns Outlook
Nov 6, 2009 10:13AM Fitch Downgrades & Withdraws 1 Class of Loan Funding Corp 2003-1; 1 Class PIF
Nov 5, 2009 05:58PM Fitch Affirms Syracuse IDA (NY) School Facility Revs at 'A'; Outlook Revised to Stable
Nov 5, 2009 05:21PM Fitch Withdraws Rating on Cloverie Plc 2006-3
Nov 5, 2009 05:12PM Fitch Rates Washington Suburban Sanitary District's (Maryland) $86MM GOs 'AAA'
Nov 5, 2009 04:56PM Fitch Downgrades Mercantil Commercebank Florida's L-T IDR to 'BB'; Outlook Negative
Nov 5, 2009 04:55PM Fitch Rates Starwood's 2019 Senior Notes 'BB+'; Outlook Negative
Nov 5, 2009 04:54PM Fitch Affirms Northwest Arkansas Regional Airport Authority at 'BBB'; Outlook Stable
Nov 5, 2009 04:52PM Fitch Rates Virginia College Building Authority's $235MM 2009B Revs 'AA+'
Nov 5, 2009 04:47PM Fitch Upgrades California's Outstanding Economic Recovery Bonds to 'A'; Outlook Stable
Nov 5, 2009 04:45PM Fitch Rates Nuveen Virginia Dividend Advantage Municipal Fund 2's MTP Shares 'AAA'
Nov 5, 2009 04:30PM Fitch Upgrades D&S's Guaranteed Local Debt; IDRs Remain on Watch Evolving
Nov 5, 2009 04:05PM Fitch Downgrades Nevada Lease Revs to 'AA-'; Outlook Stable
Nov 5, 2009 04:03PM Fitch Ratings Affirms HCC Insurance Holdings; Outlook Stable
Nov 5, 2009 04:00PM Fitch: Change in Swap Counterparty Would Not Affect Ratings of Five CDOs
Nov 5, 2009 03:55PM Fitch Rates Hennepin County, MN's $221MM GOs 'AAA'; Outlook Stable
Nov 5, 2009 03:48PM Fitch Affirms Tarjeta Naranja's IDR at 'B-'
Nov 5, 2009 03:45PM Fitch Rates Nevada Real Property Corp.'s LTGO Certificates 'AA'
Nov 5, 2009 03:39PM Fitch Affirms Cathedral Village (PA) Bonds at 'BBB'; Outlook Stable
Nov 5, 2009 03:20PM Fitch Affirms Eastman's IDR at 'BBB'; Outlook Remains Stable
Nov 5, 2009 03:07PM Fitch Rates Higher Education Policy Commission of West Virginia's $80MM Lottery Revs 'A'
Nov 5, 2009 02:56PM Fitch Rates School Building Authority of West Virginia's $48MM Excess Lottery Revs 'A'
Nov 5, 2009 02:33PM Fitch Rates Connecticut's GO Economic Recovery Notes 'AA'; Revises Outlook to Negative
Nov 5, 2009 02:18PM Amended - Fitch Assigns Deposit Rtgs to Bank of Am - RI; W/Ds Merrill Lynch Bank & Trust Rtgs
Nov 5, 2009 02:12PM Fitch Rates DuPont's Senior Unsecured Notes 'A'; Outlook Remains Negative
Nov 5, 2009 01:24PM Fitch Rates Lake Arrowhead CSD, California's $24MM COPs 'AA-'; Outlook Stable
Nov 5, 2009 01:20PM Fitch Places Berkshire Hathaway on Rating Watch Negative
Nov 5, 2009 01:01PM Fitch Downgrades Hannibal Regional Hospital (Missouri) Rev Bonds to 'BBB+'; Outlook Stable
Nov 5, 2009 12:47PM Fitch Rates Long Beach Airport, California's Sr Lien 'A-'; Outlook Stable
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