When it comes to requiring surety bonds for financing, contract bonds
for payment and performance are about 90 percent of what is involved, Inscho says.
Additionally, 2008 series A proceeds will be applied toward the refinancing of the outstanding series 2002 B-1 and B-2 state contract bonds
, which were issued in variable rate mode, and toward a $13.
These include support to banks issuing advance payment, progress payment or other contract bonds
in relation to UK exports and for working capital support.
The deal also involved state backing for contract bonds
, seen as essential to avoid the collapse of the firm, which employs 110,000 people.
Through independent agents and professional surety producers, SureTec specializes in underwriting small-to-midsize contract bonds
and commercial surety.
Contract notice: Procurement of contract bonds
and marketing material.
4 billion in contract bonds
that allowed it to bid for new business.
In addition, Fitch affirms the 'AA-' rating on outstanding ESDC service contract bonds
Paribas analyst Mr Darren Shaw said the announcement left unresolved the crucial issue of contract bonds
issued by the construction side of Tarmac's operations and guaranteed by Tarmac plc.
Among the above mentioned surety programs South Coast Surety brought on line are; a number of "alternative bad credit" bonding plans, in house underwriting for commercial and contract bonds
and an Instant Issue California Contractor License Bond application.
NEW YORK -- Fitch Ratings assigns an 'A+' rating to the New York State Thruway Authority's $521,685,000 local highway and bridge service contract bonds
, series 2009, scheduled to be sold the week of Sept.
Fitch also affirms the rating on outstanding State of New York (the state) service contract bonds