SAN FRANCISCO--(BUSINESS WIRE)--Fitch Ratings withdraws its 'BB+' unenhanced rating on the following letter of credit-supported tax allocation bond (TAB) series issued by the Pittsburg Redevelopment Agency, California:
--$117 million subordinate TABs (Los Medanos Community Development Project), series 2004A.
The rating of this debt instrument is no longer considered by Fitch to be relevant to the agency's coverage. Fitch continues to rate similarly secured obligations of the issuer 'BB+' with a Negative Outlook. For more information, please see Fitch's press release dated Feb. 3, 2011.
Additional information is available at 'www.fitchratings.com'.
Applicable Criteria and Related Research:
'Tax-Supported Rating Criteria', dated Aug. 16, 2010;
'U.S. Local Government Tax-Supported Rating Criteria', dated Oct. 8, 2010.
For information on Build America Bonds, visit www.fitchratings.com/BABs.
Applicable Criteria and Related Research:
Tax-Supported Rating Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=548605
U.S. Local Government Tax-Supported Rating Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=564566
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