Correction: Fitch U.S. Public Finance Surveillance: Various Ratings Affirmed

Business Wire, Nov 10, 2004

NEW YORK -- (This is an amended version of a press release issued yesterday and contains revised information about Johnston County.)

In the course of routine surveillance, Fitch Ratings affirms the following ratings. Corrections were made to Fitch's outstanding rating of Johnston County, NC's bonds.

-- Regional School District No. 12, CT $1.87 million general obligation bonds of 2000, affirmed at 'AA', Stable Outlook;

-- Western Nassau County Water Authority, NY $29.7 million water sewer revenue bonds, series 1996, affirmed at 'AA-', Stable Outlook;

-- City of Naples, FL $7.4 million general obligation bonds, series 2000, affirmed at 'AAA', Stable Outlook;

-- City of Naples, FL $10.971 million public service tax revenue bonds, series 1993 and 2001, affirmed at 'AA', Stable Outlook;

-- Borough of Lodi, NJ approximately $16 million outstanding GO bonds affirmed at 'A-'; Stable Outlook;

-- City of Waterbury, CT approximately $155 million outstanding GO bonds, affirmed at 'BBB-', Stable Outlook;

-- Pearl, MS $2.02 million tax increment limited obligation refunding and improvement bonds (Airport Metroplex Project), series 2002, affirmed at 'BBB-', Stable Outlook;

-- Town of Griswold, CT $10.3 million outstanding GO bonds, affirmed at 'A+', Stable Outlook;

-- Johnston County, NC $16.4 million installment payment revenue bonds, series 1999, affirmed at 'A+', Stable Outlook;

-- Gastonia, NC, $43.2 million combined utilities system revenue bonds affirmed at 'A+', Stable Outlook.