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Fitch Downgrades Abacus 2007-18; Removes from Watch Negative
NEW YORK -
Fitch Ratings has downgraded and removed from Rating Watch Negative five
classes issued by Abacus 2007-18 as a result of significant negative
credit migration of the commercial mortgage backed securities (CMBS)
collateral within the reference portfolio. A complete list of rating
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Fitch Rates Florida's $155MM GO PECO Bonds 'AA+'; Outlook Negative
NEW YORK -
Fitch Ratings has assigned an 'AA+' rating to the state of Florida's
$155,100,000 full faith and credit state board of education public
education capital outlay (PECO) bonds, consisting of 2009 series E
tax-exempt bonds and 2009 series F Build America Bonds (federally
taxab
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Fitch Downgrades 6 Classes of G-Star 2005-5 Ltd.
NEW YORK -
Fitch Ratings has downgraded six classes of notes issued by G-Star
2005-5 Ltd. (G-Star 2005-5) as a result of continued credit
deterioration in the portfolio since Fitch's last rating action in
August 2008. Approximately 68.5% of the portfolio has been downgraded
since that
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Fitch Upgrades Tenneco's IDR to 'B'; Outlook Stable
NEW YORK -
Fitch Ratings has upgraded Tenneco Inc.'s (TEN) Issuer Default Rating
(IDR) and outstanding debt as follows:
-- IDR upgraded to 'B' from 'B-';-- Senior secured revolving
credit facility to 'BB/RR1' from 'B+/RR2';-- Senior secured term
loan to 'BB/R
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Fitch Downgrades 8 Classes of Abacus 2005-CB1, Ltd.
NEW YORK -
Fitch Ratings has downgraded eight classes of notes issued by Abacus
2005-CB1, Ltd (Abacus 2005-CB1) as a result of significant credit
deterioration within the portfolio since last review in July 2008. The
details of the rating action follow at the end of this press release.
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Fitch Places 9 Classes of CSFB 2003-CK2 on Watch Negative
CHICAGO -
Fitch Ratings has placed nine classes of Credit Suisse First Boston
Mortgage Securities Corp., series 2003-CK2 on Rating Watch Negative due
to expected losses and potential shortfalls associated with loans in
special servicing (10.8%) as well as the potential for adverse selection
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Fitch Rates Milwaukee, Wisconsin's $53MM QSCBs 'AA+'; Outlook Negative
CHICAGO -
Fitch Ratings has assigned an 'AA+' rating to the City of Milwaukee,
Wisconsin's approximately $53,000,000 general obligation (GO) corporate
purpose, qualified school construction bonds (QSCBs), series 2009 M6
(tax credit). The bonds are payable from an irrevocable ad valorem tax
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A.M. Best Affirms Ratings of PMG Assurance, Ltd.
OLDWICK, N.J. -
A.M. Best Co. has affirmed the financial strength rating (FSR) of
A (Excellent) and issuer credit rating (ICR) of “a” of PMG Assurance,
Ltd. (PMG) (Bermuda). The outlook for both ratings is stable.
These ratings reflect the company's
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Kingsway announces A.M. Best rating downgrades
TORONTO, Nov. 24 - Kingsway Financial Services Inc. ("Kingsway") announced today that A.M. Best has downgraded Kingsway's issuer credit rating from "b-" to "ccc" and the downgrade of the financial strength ...
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Fitch Rates Alabama Public School and College Authority Bonds 'AA'
NEW YORK -
Fitch Ratings assigns an 'AA' rating to approximately $145.9 million
Alabama Public School and College Authority capital improvement pool
qualified school construction bonds, series 2009D (tax credit bonds).
The bonds are expected to sell via negotiation on or about Dec. 2, 2009.
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A.M. Best Affirms Ratings of WRM America Indemnity Company
OLDWICK, N.J. -
A.M. Best Co. has affirmed the financial strength rating of A-
(Excellent) and issuer credit rating of “a-” of WRM America Indemnity
Company (WRMAI) (Uniondale, NY). The outlook for both ratings is
stable.
The ratings reflect W
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Fitch Affirms Microsoft at 'AA+/F1+'; Outlook Stable
NEW YORK -
Fitch Ratings has affirmed the following ratings of Microsoft
Corporation (Microsoft):
--Long-term Issuer Default Rating (IDR) at 'AA+';
--Senior unsecured revolving credit facility (RCF) at 'AA+';
--Senior unsecured debt at '
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Fitch Rates Maryland's $50MM GO QSCBs and $5.6MM GO QZABs 'AAA'
NEW YORK -
Fitch Ratings assigns an 'AAA' rating to two series of State of Maryland
general obligation (GO) qualified tax credit bonds, consisting of:
--$50,320,000 qualified school construction bonds (QSCBs) of 2009 (tax
credit bonds);
--$5,563,000 qua
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Fitch Downgrades MSC 2006-SRR2; Removes from Watch Negative
NEW YORK -
Fitch Ratings has downgraded and removed from Rating Watch Negative 17
classes issued by MSC 2006-SRR2 as a result of significant negative
credit migration of the commercial mortgage backed securities (CMBS)
collateral within the reference portfolio. A complete list of rating
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