The criteria detailed in this report apply to public finance obligations with maturities within 36
months. For obligations with maturities of between 12 and 36 months, Fitch Ratings can, on
request, provide a long-term rating in addition to, or instead of, a short-term rating. The longterm rating would reflect the relevant criteria for the obligation, incorporating the considerations
discussed in this report. Obligations that mature in 12 months or less are eligible only for a
short-term rating.
Short-term debt whose rating is directly linked to a third-party liquidity provider is evaluated
using Fitch’s “U.S. Municipal Structured Finance Criteria,” dated February 2013, available on
Fitch’s website at www.fitchratings.com