NEW YORK--(BUSINESS WIRE)--Fitch Ratings withdraws the credit enhanced (CE) 'F1' rating assigned to the following commercial paper (CP) notes, which were based on the support of a direct-pay letter of credit (LOC) provided by Citibank, N.A. that was terminated on Jan. 12, 2012:
-- San Jose (CA) (San Jose International Airport) subordinate CP notes (AMT) series A-4a;
-- San Jose (CA) (San Jose International Airport) subordinate CP notes (AMT) series B-4;
-- San Jose (CA) (San Jose International Airport) subordinate CP notes (Private Activity non-AMT) series A-4b.
Additional information is available at 'www.fitchratings.com'. The ratings above were solicited by, or on behalf of, the issuer, and therefore, Fitch has been compensated for the provision of the ratings.
Applicable Criteria and Related Research
--'U.S. Municipal Structured Finance Rating Criteria', dated April 25, 2011;
--'Rating Guidelines for Commercial Paper Note Programs Issued with External Support', dated April 11, 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 Commercial Paper Note Programs Issued with
External Support
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=619027
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