NEW YORK--()--As part of its ongoing surveillance, Fitch Ratings has affirmed 3 classes of the CenterPoint Energy Transition Bond Company IV transaction as follows:
--Class A-1 at 'AAAsf'; Outlook Stable;
--Class A-2 at 'AAAsf'; Outlook Stable;
--Class A-3 at 'AAAsf'; Outlook Stable.
The transaction is performing within expectations, with levels of outstanding principal amounts in-line with the targeted amortization schedule. The true-up mechanism is performing as expected, providing adequate credit support for all outstanding classes.
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:
--'Global Structured Finance Rating Criteria' (June 6, 2012);
--'Rating Criteria for U.S. Utility Tariff Bonds' (Dec. 20, 2012).
Applicable Criteria and Related Research:
Global Structured Finance Rating Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=679923
Rating Criteria for U.S. Utility Tariff Bonds
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=697265
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