A bank that has a rating of “A-“ from Fitch is not acceptable as an Issuing Bank for the Pre-Bid Letter of Credit. As specified in Paragraph 14 of the Pre-Bid Letter of Credit, if a bank is rated by Fitch, the bank must be rated “A” or better.
A bank that has a rating of “A-“ from Fitch is not acceptable as an Issuing Bank for the Pre-Bid Letter of Credit. As specified in Paragraph 14 of the Pre-Bid Letter of Credit, if a bank is rated by Fitch, the bank must be rated “A” or better.