These include support to banks issuing advance payment, progress payment or other contract bonds
in relation to UK exports and for working capital support.
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.
The 'A+' rating is based on the credit quality of the state (general obligation (GO) bonds rated 'AA-' with a Stable Outlook by Fitch), as the service contract bonds
are secured by annual legislative appropriations from the general fund, pursuant to a service contract.
The 2008 series B and 2008 series C state contract bonds
are being issued pursuant to the 15th and 16th supplemental resolutions to the 1992 state contract bond
and not until he has returned the executed contract and has submitted contract bonds
NEW YORK -- Fitch Ratings has assigned an 'A+' rating to the New Jersey Sports and Exposition Authority's (the authority) approximately $97,260,000 state contract bonds
, 2008 series A (federally taxable).
NEW YORK -- Fitch Ratings assigns an 'A+' rating to the New York State Thruway Authority's $239,140,000 local highway and bridge service contract bonds
, series 2008, scheduled to be sold this week through negotiation.
The Bid Bonds will be returned promptly upon the approved execution of the Contract and Contract Bonds
NEW YORK -- Fitch Ratings has assigned an 'A+' rating to the New Jersey Sports and Exposition Authority's (the authority) approximately $186,350,000 state contract bonds
, 2007 series B, consisting of:
The UKEF scheme is focused towards UK SMEs to aid them in winning transformational contracts abroad involving contract bonds
NEW YORK -- Fitch Ratings assigns an 'A+' rating to the New York State Thruway Authority's $197,760,000 local highway and bridge service contract bonds
, series 2007, scheduled to be sold the week of May 21 through negotiation with a syndicate led by Morgan Stanley.
The scheme was launched by UK Export Finance (UKEF) to help exporters raise contract bonds
such as advance payment guarantees (APGs) and performance bonds.