The master servicer rating also reflects Fitch's financial assessment of FNFC relative to potential advancing obligations for CMBS transactions under stressed scenarios.
Both ratings also reflect the financial condition of First National's parent, First National Financial Corporation (FNFC), as well as Fitch's assessment of the company's experience primary and master servicing CMBS loans.
Although there is market activity in the FNFC
and FSDU categories, only the FOSHU regulatory category generates new ingredient and product ideas worthy of consideration by overseas marketers.
* Food with Nutrient Function Claims (FNFC
refers to foods that are intended for consumption as supplements and are defined as "food products with supplemental nutritional components that are likely to be deficient in the elderly and other persons who deviate from normal eating habits due to an irregular lifestyle." Currently, 12 vitamins (A, [B.sup.1], [B.sup.2], [B.sup.6], [B.sup.12], C, D, E, Niacin, Folic Acid, Biotin and Pantothenic Acid) plus 5 minerals (Calcium, Iron, Zinc, Copper and Magnesium) have been placed in this group.
health claims are in widespread use in Japan, although with unknown commercial success.
Iron: As long as the delivered iron per dosage, whether natural and/or fortified, is at least 4 mg and not more than 10 mg, the FNFC product can claim on the label that iron is "a nutrient which is necessary for red blood cell formation."
Magnesium, copper and zinc have recently been added to the list of FNFC minerals with allowed generic health claims.
: At the same time, JHNFA has reported that retail sales of foods and beverages (including dietary supplements) using the newer Foods With Nutrient Function Claims (FNFC
) regulatory system in 2003 are expected to be nearly $2 billion, up from approximately $1 billion in 2001.