NEW YORK--(BUSINESS WIRE)--Fitch Ratings withdraws its 'F1+' rating on the Houston (TX) subordinate lien hotel occupancy tax and package revenue commercial paper notes series A which was based on the liquidity support provided by the Bank of New York Mellon that was terminated on Dec. 20, 2010. Fitch was not asked to provide a rating based on any replacement facility.
Additional information is available at 'www.fitchratings.com'
Applicable Criteria and Related Research:
--'U.S. Municipal Structured Finance Rating Criteria', April 25, 2011;
--'Rating Guidelines for Letter of Credit-Supported Bonds', July 26, 2011.
Applicable Criteria and Related Research:
U.S. Municipal Structured Finance Rating Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=624129
Rating Guidelines for Letter of Credit-Supported Bonds
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=647311
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