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Fitch Rates Michigan Finance Authority’s SRF 2011 Revenue Bonds ‘AAA’; Outlook … – MarketWatch (press release)

Fitch Rates Michigan Finance Authority's SRF 2011 Revenue Bonds 'AAA'; Outlook
MarketWatch (press release)
–Strong Financial Structure: The program's overcollateralization and significant reserves provide sufficient credit enhancement to withstand loan defaults of up to 100% (the default tolerance) of the pool in all three of the four year stress periods

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