Fitch Withdraws Credit Enhanced Rating on Clark County, CA 2008C-1, C-2, C-3 & 2008D-1 Bonds
-- Clark County (NV) airport system subordinate lien revenue bonds (VRDO-AMT) series 2008C-1;
-- Clark County (NV) airport system subordinate lien revenue bonds (VRDO-AMT) series 2008C-2;
-- Clark County (NV) airport system subordinate lien revenue bonds (VRDO-AMT) series 2008C-3;
-- Clark County (NV) airport system subordinate lien revenue bonds (VRDO-NonAMT) series 2008D-1.
The long-term rating assigned to the bonds is revised to 'A' with a Stable Outlook based on the underlying rating assigned by Fitch to Clark County's subordinated airport revenue bonds.
The rating withdrawal is in connection with the substitution of the letters of credit that previously supported the bonds. Fitch was not asked to provide ratings on the replacement letters of credit.
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