Fitch Rates AUSTIN Trust Variable Certificates, Series BOA 1003, 1075, 1079, 1098, and 1104: Fitch Ratings assigns the following ratings to the variable certificates of the various AUSTIN Trusts listed below:
Vergrößern Fitch Rates AUSTIN Trust Variable Certificates, Series BOA 1003, 1075, 1079, 1098, and 1104 | Bild: © ad-hoc-news

--Series BOA 1003 variable certificates -- 'AA+/F1', Stable Outlook;

--Series BOA 1075 variable certificates -- 'AAA /F1', Stable Outlook;

--Series BOA 1079 variable certificates -- 'AAA/F1', Stable Outlook;

--Series BOA 1098 variable certificates -- 'AA-/F1', Stable Outlook;

--Series BOA 1104 variable certificates -- 'AA+/F1', Stable Outlook;

The long-term 'AA+', Stable Outlook rating assigned to the series BOA 1003 is based on the rating that Fitch has assigned to the Maryland Health and Higher Education Facilities, revenue bond, The Johns Hopkins University Issue, series 2004A (rated 'AA+', Stable Outlook) that have been deposited in the AUSTIN Trust Series BOA 1003.

The long-term 'AAA', Negative Outlook rating assigned to the series BOA 1075 is based on the rating that Fitch has assigned to the New York City Transitional Finance Authority, future tax secured subordinate bonds, fiscal 2007 series B (rated 'AAA', Stable Outlook) that have been deposited in the AUSTIN Trust Series BOA 1075.

The long-term 'AAA', Stable Outlook rating assigned to the series BOA 1079 is based on the rating that Fitch has assigned to the New York City Transitional Finance Authority, future tax secured subordinate bonds, fiscal 2007, series B (rated 'AAA', Stable Outlook) that have been deposited in the AUSTIN Series BOA 1079.

The long-term 'AA-', Stable Outlook rating assigned to the series BOA 1098 is based on the rating that Fitch has assigned to the Illinois Finance Authority, insured revenue bonds, series 2008 A (The Children's Memorial Hospital) (rated 'AA', Stable Outlook) that have been deposited in the AUSTIN Series BOA 1098.

The long-term 'AA+', Stable Outlook rating assigned to the series BOA 1104 is based on the rating that Fitch has assigned to the San Diego Water Authority, water revenue certificates of participation, series 2008A, due May 1, 2027 and due June 1, 2028, (rated 'AA+', Negative Outlook) that have been deposited in the AUSTIN Trust Series BOA 1104.

The 'F1' short-term ratings assigned to each series of variable certificates are based on the liquidity facilities provided by Bank of America, National Association (rated 'A/F1', Stable Outlook). The short-term ratings will expire on Feb. 15, 2012, the expiration date for each liquidity facility, unless such date is extended or earlier terminated.

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 Rating Criteria', April 25, 2011;

--'Guidelines for Rating Tender Option Bond Securities', May 25, 2011.

Applicable Criteria and Related Research:

U.S. Municipal Structured Finance Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=624129

Guidelines for Rating Tender Option Bond Securities

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=632790

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