Fitch Withdraws CCTA's 2012A Sales Tax Revenue Bonds Due to Private Placement

SAN FRANCISCO--()--Fitch Ratings has withdrawn the 'AAA' rating on $201.5 million Contra Costa Transportation Authority (CA) limited tax refunding bonds series 2012A following a mandatory tender and private placement.

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

Fitch recently published an exposure draft of state and local government tax-supported criteria (Exposure Draft: U.S. Tax-Supported Rating Criteria, dated Sept. 10, 2015). The draft includes a number of proposed revisions to existing criteria. If applied in the proposed form, Fitch estimates the revised criteria would result in changes to fewer than 10% of existing tax-supported ratings. Fitch expects that final criteria will be approved and published by Jan. 20, 2016. Once approved, the criteria will be applied immediately to any new issue and surveillance rating review. Fitch anticipates the criteria to be applied to all ratings that fall under the criteria within a 12-month period from the final approval date.

Additional Disclosures

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https://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=996705

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Contacts

Fitch Ratings
Primary Analyst
Karen Ribble
Senior Director
+1-415-732-5611
Fitch Ratings, Inc.
650 California Street, 4th Floor
San Francisco, CA 94563
or
Secondary Analyst
Matthew Reilly
Director
+1-415-732-7572
or
Media Relations:
Elizabeth Fogerty, +1-212-908-0526
elizabeth.fogerty@fitchratings.com

Contacts

Fitch Ratings
Primary Analyst
Karen Ribble
Senior Director
+1-415-732-5611
Fitch Ratings, Inc.
650 California Street, 4th Floor
San Francisco, CA 94563
or
Secondary Analyst
Matthew Reilly
Director
+1-415-732-7572
or
Media Relations:
Elizabeth Fogerty, +1-212-908-0526
elizabeth.fogerty@fitchratings.com