NEW YORK--(BUSINESS WIRE)--
Fitch Ratings withdraws its 'AA+/F1+' credit enhanced rating on the following bond:
--Metropolitan Washington Airports Authority (DC) airport system revenue & refunding variable-rate bonds (AMT) series 2003D-1
The long-term rating assigned to the bonds is revised to 'AA-' with a Stable Outlook based on the underlying rating assigned by Fitch to Metropolitan Washington Airports Authority's airport revenue bonds.
The rating withdrawal is in connection with the conversion of the bonds from a weekly mode to an index rate mode and termination of the letter of credit supporting the bond.
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
--'U.S. Municipal Structured Finance Criteria' (Feb. 28, 2012);
--'Rating Guidelines for Letter of Credit-Supported Bonds' (June 20, 2012).
Applicable Criteria and Related Research:
U.S. Municipal Structured Finance Criteria
Rating Guidelines for Letter of Credit-Supported Bonds
Richard Park, +1-212-908-0289
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Trudy Zibit, +1-212-908-0689
Elizabeth Fogerty, New York, +1-212-908-0526