Among the possible targets: The $225 million in notes issued by United Airlines through the California Statewide Communities Development Authority to finance improvements at Los Angeles International Airport.
The California Statewide Communities Development Authority will serve as the conduit issuer, which allows The Master's College to receive tax-exempt status.
NEW YORK -- In connection with California Bank & Trust's long-term 'A-' and short-term 'F1' Issuer Default Ratings (IDR) being placed on Rating Watch Negative on April 23, 2009, Fitch Ratings places the long-term 'A-' and short-term 'F1' IDRs on Rating Watch Negative for the municipal bonds listed below supported by letters of credit provided by California Bank & Trust: -- California Infrastructure & Economic Development Bank (CA) (Westside Waldorf School) variable-rate demand revenue bonds series 2006 -- California Statewide Communities Development Authority (CA) (Santos, L.
3 million California Statewide Communities Development Authority outstanding bonds issued on behalf of Community Hospital of the Monterey Peninsula (CHOMP).
NEW YORK -- Fitch Ratings confirms the 'AA-/F1+' rating assigned to the $2,250,000 (current outstanding amount $1,260,000) California Statewide Communities Development Authority weekly adjustable / fixed rate industrial development revenue bonds (RL Group, LLC Project), Series 1998C.
NEW YORK -- Fitch Ratings assigns a rating of 'A+/F1' to the $10,000,000 California Statewide Communities Development Authority, variable-rate demand industrial development revenue bonds, series 2007A (Fiorella Investments, LLC Project).
The bond proceeds will be used to refinance the outstanding California Statewide Communities Development Authority certificates of participation (Tobinworld Project), series 2002, the proceeds of which were used to finance the acquisition and improvement of the real property and investments located in Glendale, California (2) finance additional improvements and upgrades to the Glendale Property, (3) finance the acquisition of new furniture, furnishings and equipment for use at the Glendale Property.
