Industry | 2009.12.22
Fitch to Downgrade CPCFA (MarBorg Industries Proj) Var-Rate Revs 2000A & 2002A to 'A/F1'
NEW YORK--(BUSINESS WIRE)--On the effective date of Dec. 23, 2009, Fitch Ratings will downgrade the ratings assigned to the California Pollution Control Financing Authority (CPCFA) variable rate demand solid waste disposal revenue bonds (MarBorg Industries Project) $2,720,000 series 2000A and $3,400,000 series 2002A to \'A/F1\' from \'AA+/F1+\'. The rating actions are in connection with the Dec. 23, 2009 substitution of the Santa Barbara Bank & Trust irrevocable, direct-pay letters of credit (LO
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