The rating is based on the support provided by an irrevocable direct-pay confirming letter of credit (CLOC) issued by
Farm Credit Bank of Texas (FCB: AA-/F1+/Stable), which confirms an irrevocable direct-pay letter of credit (LOC) issued by AgTexas, PCA, which is not rated by Fitch.
"Nancy's byline has been synonymous with cooperatives," says Janet Hunter, the editorial director of the
Farm Credit Bank of Texas. "She has an intuitive sense of how to reach a wide and diverse audience with content that is both comprehensive and easily understood," adds Geoff Oldfather, communications manager for Arizona's G&T Cooperatives.
It is affiliated with the
Farm Credit Bank of Texas, in Austin, Texas.
of America of Newark, N.J.,
Farm Credit Bank of Texas in Austin and Robobank of the Netherlands.
The
Farm Credit Bank of Texas disclosed in its news release certain unaudited summary financial information for the three and six months ended June 30, 2013, including estimates of the provisions for credit losses of USD 4.3m and USD 5.1m, as compared with USD 6.2m and USD 20.8m for the same periods of the prior year.
Farm Credit Bank of Texas (NASDAQ: FCBT), a cooperatively owned wholesale funding bank, has issued USD300m of perpetual non-cumulative preferred stock on August 26, 2010.
Farm Credit Bank of Texas (FCBT) provides mortgage and loan services to thousands of farmers and ranchers in this four-state district.
Paul, Minn.); Capital Farm Credit (Bryan, Texas); CoBank (Denver, Colo.);
Farm Credit Bank of Texas (Austin, Texas); Farm Credit Services of America (Omaha, Neb.); Farm Credit Mid-America (Louisville, Ky.); and United Farm Credit Service (Willmar, Minn.).
Sarah Harris,
Farm Credit Bank of Texas, referred by Lora Blume