Fitch Withdraws Rating on Washington IDA, MO (Pauwels Transformers Inc.) Series 1999 Bonds

NEW YORK--()--Fitch Ratings withdraws the 'AA-/F1+' rating on the following bonds:

--Washington Industrial Development Authority (MO) (Pauwels Transformers Inc. Project) industrial development revenue bonds (taxable) series 1999.

The rating was based on the support of a letter of credit provided by HSBC Bank USA, National Association that was terminated on Nov. 30, 2015.

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria

Dual-Party Pay Criteria for Long-Term Ratings on LOC-Supported U.S. Public Finance Bonds (pub. 08 Mar 2013)

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=701572

U.S. Municipal Structured Finance Criteria (pub. 23 Feb 2015)

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=862222

Additional Disclosures

Solicitation Status

https://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=995722

Endorsement Policy

https://www.fitchratings.com/jsp/creditdesk/PolicyRegulation.faces?context=2&detail=31

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Contacts

Fitch Ratings
Primary Analyst
Richard Park
Director
+1-212-908-0289
Fitch Ratings, Inc.
33 Whitehall Street
New York, NY 10004
or
Secondary Analyst
Joseph Staffa
Senior Director
+1-212-908-0829
or
Media Relations:
Sandro Scenga, +1-212-908-0278
sandro.scenga@fitchratings.com

Contacts

Fitch Ratings
Primary Analyst
Richard Park
Director
+1-212-908-0289
Fitch Ratings, Inc.
33 Whitehall Street
New York, NY 10004
or
Secondary Analyst
Joseph Staffa
Senior Director
+1-212-908-0829
or
Media Relations:
Sandro Scenga, +1-212-908-0278
sandro.scenga@fitchratings.com