Fitch Ratings assigns a rating of 'F1' to the state of KEY RATING DRIVERS:
The rating is based on the support provided by irrevocable letters of credit (LOCs) issued by
The short-term rating on the notes will expire on the earlier of
All notes will be issued at par, with interest due at maturity. Following the occurrence of an event of default under each respective LOC,
The rating is exclusively tied to the short-term rating that Fitch maintains on the banks providing the LOCs and will reflect all changes to that rating.
Additional information is available at fitchratings.com.
--'U.S. Municipal Structured Finance Criteria',
--'Rating Guidelines for Variable-Rate Demand Obligations and Commercial Paper Issued with External Liquidity Support',
Rating Guidelines for Variable-Rate Demand Obligations and Commercial Paper Issued with External Liquidity Support
U.S. Municipal Structured Finance Criteria
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Fitch Ratings assigns a rating of 'F1' to the state of
KEY RATING DRIVERS: