Fitch Ratings

Fitch Rates Maine HHEFA $25MM Rev Bonds, Series 2008 B 'AA/F1+'

Published in Lab Law Weekly, June 27th, 2008

Fitch Ratings assigns an 'AA/F1+' rating to the $25,985,000 Maine Health & Higher Educational Facilities Authority (HHEFA) revenue bonds, series 2008 B. The long-term 'AA' rating is based on the higher of the 'AA-' rating assigned by Fitch to KBC Bank, NV, which provides a direct-pay letter of credit (LOC) securing the bonds, and the 'AA' underlying rating assigned by Fitch to the bonds on May 7, 2008. For more information on the underlying credit please see www.fitchratings.com for the press release published on May 7, 2008. The short-term 'F1+' rating is based on the support of the KBC Bank LOC.

The bank is obligated to make payments of principal and interest on the...

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Source: Lab Law Weekly (2008-06-27)

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