Following Fitch's affirmation of the United States sovereign rating announced earlier today, Fitch affirms the ratings listed on the attached spreadsheet, which are directly tied to the creditworthiness of the United States or several of its related entities.
A spreadsheet detailing the rating actions in question is available on the Fitch web site at 'www.fitchratings.com' under the following headers:
Public Finance then U.S. Public Finance then Special Reports
Additional information is available at www.fitchratings.com.
Applicable Criteria and Related Research:
--'U.S. Municipal Structured Finance Rating Criteria', dated April 25, 2011;
--'Rating Guidelines for Letter of Credit-Supported Bonds', dated July 26, 2011;
--'Rating Guidelines for Variable-Rate Demand Obligations Issued with External Liquidity Support', dated Feb. 28, 2011.
Applicable Criteria and Related Research: Fitch Affirms Municipal Bonds Tied to Creditworthiness of the United States
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=649649
Rating Guidelines for Variable-Rate Demand Obligations Issued with External Liquidity Support
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=607665
Rating Guidelines for Letter of Credit-Supported Bonds
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=647311
U.S. Municipal Structured Finance Rating Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=624129
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.
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Fitch Ratings
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Jeff Schaub, +1-212-908-0680
Managing
Director
Fitch, Inc.
33 Whitehall Street
New York, NY
10004
or
Secondary Analyst
Sarah Repucci, +1-212-908-0726
Senior
Director
or
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Cindy Stoller,
+1-212-908-0526
Email: cindy.stoller@fitchratings.com