FSFC - What does FSFC stand for? The Free Dictionary
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The Supplement allows FSFC to purchase outstanding auction-rate securities issued under the Indenture at a price less than par which includes the remaining principal balance plus 100% of the accrued and unpaid interest.
The ratings assigned by Fitch are based on the documents and information provided to Fitch by FSFC and other parties and the receipt of final closing documents.
Fitch currently rates the student loan asset-backed securities, which include auction-rate securities issued under the Indenture by FSFC, as follows:
The consummation of the transaction is subject to the vote of shareholders of FSFC and the satisfaction of certain specified conditions, including approval by relevant regulatory authorities.
Hagar, FSFC Chairman and President commented, "FirstService has continually sought ways to differentiate itself from other financial institutions in the market while maintaining a service-driven, results-oriented banking organization.
The series 2004 notes are issued under the Amended and Restated Indenture of Trust dated April 1, 2004 between FSFC