NEW YORK--(BUSINESS WIRE)--Fitch Ratings withdraws the 'F1+' rating assigned to the Sacramento Municipal Utility District (CA) commercial paper notes series J, which was based on the credit support of a letter of credit provided by the Bank of New York Mellon and the California State Teachers' Retirement System that was terminated on Jan. 5, 2012.
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.
--'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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