Fitch Takes Various Rating Actions on Enhanced Variable Rate Muni Bonds

In connection with the placement of Allied Irish Banks, p.l.c.'s (AIB) short-term Issuer Default Rating (IDR) on Rating Watch Negative, Fitch Ratings has placed the short-term ratings of municipal bonds supported by letters of credit (LOCs) and liquidity facilities from AIB on Rating Watch Negative as follows:

--Arizona Tourism Sports Authority (AZ) (Multipurpose Stadium Facility Project) senior variable-rate demand revenue refunding bonds series 2008 (LOC: Allied Irish Banks, p.l.c.);

--Aurora (CO) (Children's Hospital Association Project) hospital revenue refunding bonds series 2008B (LOC: Allied Irish Banks, p.l.c.);

--California Department of Water Resources (CA) variable-rate demand power supply revenue bonds series 2008I-1 (LOC: Allied Irish Banks, p.l.c.);

--District of Columbia (DC) variable-rate demand multimodal general obligation (GO) refunding bonds series 2008A (LOC: Allied Irish Banks, p.l.c.);

--Eden Township Healthcare District (CA) (Eden Hospital Health Services Corporation) revenue bonds series 2004 (LOC: Allied Irish Banks, p.l.c.);

--Elsinore Valley Municipal Water District (CA) variable-rate certificates of participation series 2008B (LOC: Allied Irish Banks, p.l.c.);

--Illinois Finance Authority (IL) (Swedish Covenant Hospital) variable-rate demand revenue bonds series 2008B (LOC: Allied Irish Banks, p.l.c.);

--Indiana Finance Authority (IN) (Clarian Health Partners, Inc.) hospital revenue refunding bonds series 2008B (LOC: Allied Irish Banks, p.l.c.);

--New Jersey Economic Development Authority (NJ) school facilities construction refunding bonds series 2008 V-1 (LOC: Allied Irish Banks, p.l.c.);

--New York City (NY) GO bonds series fiscal 2008J-3 (LOC: Allied Irish Banks, p.l.c.);

--Oakland-Alameda County Coliseum Authority (CA) (Oakland Coliseum Arena Project) lease revenue bonds series 1996A-2 (LOC: Allied Irish Banks, p.l.c., Bank of New York Mellon (The));

--Pittsburg Public Financing Authority (CA) water revenue refunding bonds series 2008 (LOC: Allied Irish Banks, p.l.c.);

--Salem Hospital Facility Authority (OR) (Salem Hospital Project) variable-rate revenue bonds series 2008C (LOC: Allied Irish Banks, p.l.c.).

Additional information is available at www.fitchratings.com.

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