3) Shoppers load their baskets at A-1
Produce, which opened for business about three months ago in Northridge.
The upgrade of the class A-1LB and class A-1 notes reflects the continued paydown of those classes.
28,361,795 class A-1
, Series B notes affirmed at 'AAA';
The upgrades to the class A-1L and A-1 notes are due to an increase in credit enhancement.
The affirmations on class A-1
in series 2001-3, class I-A in series 2001-4, class I-A in series 2002-1 and class A-1
in series 2003-1 reflect a guaranty provided by the Federal National Mortgage Association ("Fannie Mae"), whose financial strength is rated 'AAA' by Fitch.
55,361,162 class A-1
senior secured notes upgraded to 'BB+' from 'B-' and removed from Rating Watch Positive;
3 million Louisiana Public Facilities Authority's (LPFA) student loan revenue bonds, senior 2005 series A-1
and senior 2005 series A-2 (the series 2005 bonds).
If the IDT is triggered, the payment waterfall changes so that only the class A-1
notes will receive all cash proceeds available to pay interest and principal until the A-1
notes are fully redeemed or the coverage tests are brought into compliance.