In connection with the recent Rating Outlook revision to Stable assigned to the underlying rating of the Jacksonville, Florida transportation revenue bonds series 2008B (the bonds), Fitch has revised the Outlook on the bonds (rated 'AAA') to Stable from Negative.
The 'AAA' rating and Stable Outlook reflects the dual-party-pay rating assigned to the bonds, which is based on both the underlying long-term 'AA' rating and Stable Outlook, and the rating of Wachovia Bank, N.A (rated 'AA-', with a Stable Outlook by Fitch).
Additional information is available at 'www.fitchratings.com'.
ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.
Contacts:
Fitch Ratings, New York
Mario Civico, 212-908-0796
or
Media
Relations:
Brian Bertsch, 212-908-0549
Email: brian.bertsch@fitchratings.com
Sandro
Scenga, 212-908-0278
Email: sandro.scenga@fitchratings.com