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Fitch Takes Various Rating Actions on U.S. Municipal TOBs

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has taken various conforming rating actions on U.S. municipal tender option bonds (TOBs) corresponding to actions taken on their associated enhancement providers or underlying bonds. Long-term ratings assigned to TOBs are the higher of the ratings assigned by Fitch to the applicable enhancement providers supporting the bonds and the ratings assigned by Fitch to the underlying bonds deposited in the issuing trust. Short-term ratings on TOBs, if assigned,

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