Lorain County Port Authority (Lorain county Port Authority Bond
Fund) development revenue bonds rated 'BBB+';
NEW YORK -- Fitch Ratings places the 'BBB+' ratings on the Toledo-Lucas County Port Authority, Cleveland-Cuyahoga County Port Authority, and Summit County Port Authority bond
fund pool programs on Rating Watch Negative.
Although the bonds are special obligations and secured by gross revenues, legislation creating the authority authorized the city's unconditional full faith and credit guarantee which has been used on all authority bond
issues since inception.
Forty other local units have program loans financed by authority bond
The CBJ added the amount of JD 16 million is the value of water authority bonds
issue number (27) will be matured tomorrow, and the amount JD50 million is the value of the 10th issuance of T.
At par, the New York City Industrial Development Authority Bonds
were privately sold to a total of 29 institutional investors: Series A $275 million of 6.
Bond proceeds will be used to refinance certain outstanding authority bonds
for debt service savings.
The CBJ added the amount of JD16 million is the value of Water Authority bonds
issue number (27) to be matured on December 10, 2009, also the amount JD50 million is the value of the 10th issuance of T.
More than $500 million of the proceeds will be used to refund certain Dormitory Authority bonds
issued for capital projects at state institutions or at facilities operated by community-based agencies.
The Broward County (South Project) bonds and Eastern Connecticut Resource Recovery Authority bonds
have performance guarantees with Wheelabrator.
The authority bonds
benefit from the strength of the debt service deficiency agreement between the authority and the City of Tulsa, OK (the city) which is subject to annual appropriation.
The Bears financed $200 million of the project, with the city financing the remainder with Illinois Sports Facilities Authority bonds
(backed by revenues from existing Chicago hotel-motel tax).