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Fitch Rates $100MM Eastern Muni Water District (California) Water & Sewer COPs 2008F&G 'AA/F1+'...

Jul 17, 2008
Story Timeline:  81 days

Thursday July 17, 5:11 pm ET NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns a rating of 'AA/F1+' to the $50 million series 2008F and the $50 million series 2008G Eastern Municipal Water District (the district) water and sewer Revenue variable rate certificates of participation (COPs). The long-term 'AA' rating assigned to the COPs is based on the district's long-term credit quality, while the 'F1+' short-term rating is based on liquidity support provided by JPMorgan Chase Bank, N.A. in the form of two separate Standby Certificate Purchase Agreements (SCPAs). Fitch also affirms the 'AA' long-term rating on the district's $481.7 million of outstanding parity COPs. The series 2008F and series 2008G COPs are scheduled to sell via negotiation on or about July 29, 2008. The Rating Outlook is Stable. The long-term 'AA' rating on... [read full story]                    

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Latest article on this story:

Fitch Rates Elsinore Valley Muni Water Dist (California) 66MM Var Rate COPs Ser 2008A AAA F1

scouty.de Jul 18, 2008
First article on this story:

Fitch Rates Eastern Muni Water District (California) $120MM Water ;amp; Sewer Revs COPs Ser 2008H...

ad-hoc-news.de Jul 17, 2008
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