NEW YORK--(BUSINESS WIRE)--An error was found in the rating on the Fitch Ratings' web site for the following bonds:
--New York City (NY) adjustable-rate general obligation bonds series fiscal 2004H-6;
--New York City (NY) adjustable-rate general obligation bonds series fiscal 2004H-8.
The credit enhanced rating for each of these bonds is 'AAA/F1' with a Stable Outlook based jointly on the underlying rating assigned to the bonds (currently rated 'AA'; Stable Outlook) and the support of two separate letters of credit provided by Bank of America, N.A. (currently rated 'A/F1'; Negative Outlook). In addition, Fitch affirms the 'AAA/F1' rating on these bonds.
The rating history now appears correctly on Fitch's web site at 'www.fitchratings.com'.
Additional information is available at www.fitchratings.com.
Applicable Criteria and Related Research
--'Rating Guidelines for Letter of Credit-Supported Bonds and Commercial Paper' (June 2, 2014);
--'Dual-Party Pay Criteria for Long-Term Ratings on LOC-Supported U.S. Public Finance Bonds' (March 8, 2013).
Applicable Criteria and Related Research:
Rating Guidelines for Letter of Credit-Supported Bonds and Commercial Paper
Dual-Party Pay Criteria for Long-Term Ratings on LOC-Supported U.S. Public Finance Bonds