Fitch Rts MTA NY Dedicated Tax Fund Var Rate Ref Bnds Ser 2005A 'AAA/F1+'

The bonds are also subject to optional and mandatory redemption as
specified in the certificate of determination.M.

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A.M. Best Places Subsidiaries of GE Insurance Solutions Corp Under Review With Negative Implications

The ratings will remain under review with negative implications
over the next 90 days while A.com/ratings
For current Best's Ratings, independent data and analysis on more
than 330 reinsurance companies, please visit
http://www.

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The long-term 'AAA' rating assigned to the bonds is
based on the support of a financial guaranty insurance policy provided
by Financial Guaranty Insurance Company, which insures scheduled
payments of principal and interest on the bonds , effective as of the
date of issuance. Best revised the rating outlook to negative
from stable for Employers Re Corp Group following a reported
deterioration in risk-adjusted capitalization levels resulting from
estimated losses emanating from Hurricanes Charley, Frances, Ivan and
Jeanne.

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The bonds are subject to mandatory tender: on the last day of any
commercial paper or term rate period; on any mode change date; and
five days prior to the expiration, termination or substitution of the
SBPA.M.M.75% senior unsecured notes, due 2030

-- "bbb+" on the senior unsecured shelf

For Best's Debt Ratings, all other Best's Ratings, an overview of
the rating process and rating methodologies, please visit
http://www.

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The bonds will be issued in the weekly rate mode and while in this
mode interest is payable on the first business day of each month,
commencing April 1, 2005. While in the daily or weekly rate mode,
bondholders may tender their bonds for purchase on any business day
with prior notice to both the tender agent and the remarketing agent. This
brings the total after tax adverse reserve development in 2004 to $750
million, placing further pressure on the group's level of
risk-adjusted capitalization. Best believed that the marginal levels of risk -adjusted
capitalization left each company exposed in the short term to the
potential for further shock losses, adverse loss development or
volatility in their investment portfolio stemming from changes in
interest rates.
The following debt ratings have been placed under review with
negative implications:

GE Insurance Solutions Corp (formerly GE Global Insurance Holding
Corp)--

-- "bbb+" on $400 million 6.45% senior unsecured notes, due 2019

-- "bbb+" on $600 million 7.M.

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The bonds are expected to be delivered on or about March
24, 2005. The remarketing agent for the
bonds is Lehman Brothers, Inc.ambest. Best's Web site at http://www.

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1, 2031. Best has also placed
the issuer credit ratings of "a" of Employers Reinsurance Corporation
(Overland Park, KS) and GE Reinsurance Corporation (Barrington, IL),
together known as Employers Re Corp Group, and the issuer credit and
senior debt ratings of "bbb+" of GE Insurance under review with
negative implications . Best Co., established in 1899, is the world's oldest and most
authoritative insurance rating and information source.

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The SBPA provides for the payment of the principal
portion of the purchase price and 35 days of interest at the maximum
interest rate of 12%, based on a 365-day year. The short-term rating
will expire on the earlier of: March 9, 2012, the stated expiration
date of the SBPA, or the occurrence of other events of termination, in
accordance with its terms.

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A.
The proceeds of the bonds will be used to refund certain
outstanding Dedicated Tax Fund bonds. Fitch 's short-term rating will expire upon any
expiration or termination of the SBPA.M.50% senior unsecured notes, due 2010

-- "bbb+" on $350 million 7.ambest.

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The long-term 'AAA' rating is based on the support of a
financial guaranty insurance policy provided by XL Capital Assurance
Inc.

Business Editors

NEW YORK----Fitch Ratings assigns a
rating of 'AAA/F1+' to the $195,000,000 City of Detroit, Michigan,
water supply system revenue senior lien bonds (variable rate demand),
series 2005-B. During the daily and weekly rate modes,
holders have the option to tender their bonds on any business day,
following required notice to the remarketing agent and tender agent.com

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The insurance policy will extend to the maturity
date of the bonds, July 1, 2035 . has
placed the financial strength ratings of the subsidiaries of GE
Insurance Solutions Corp (formerly known as GE Global Insurance
Holding Corp) (GE Insurance) (Overland, KS) under review with negative
implications. At that time, although management indicated its intention to
completely restore the capital level of each company by year-end 2004,
A.M.

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Business Editors

NEW YORK----Fitch Ratings assigns a
rating of 'AAA/F1+' to the $350,000,000 Metropolitan Transportation
Authority, Dedicated Tax Fund variable rate refunding bonds, series
2005A.
The SBPA provides for the payment of the purchase price of
tendered bonds during the daily or weekly rate modes, and is sized to
cover the principal portion of the purchase price and 34 days of
interest at the maximum interest rate of 12%, based upon a year of 365
days.----A.
The issuer credit rating of "bbb+" has been placed under review
with negative implications for GE Insurance Solutions Corp.

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Fitch Rts Detroit Michigan Water Supply Sys Rev Sr Lien Bnds Ser 2005-B 'AAA/F1+'

Business Editors /Insurance Writers

OLDWICK, N. Best believed that despite the
ultimate ownership by GE, the financial flexibility remained
constrained within the property/casualty (re)insurance subsidiaries . In the absence of a tangible, long-term plan
including support from GE, the ratings will likely be downgraded given
the historical poor underwriting performance primarily related to 2001
and prior accident years and a decline in risk-adjusted
capitalization.
The financial strength ratings of A (Excellent) have been placed
under review with negative implications for the following subsidiaries
of GE Insurance Solutions Corp:

Employers Reinsurance Corporation

GE Reinsurance Corporation

First Specialty Insurance Corporation

Westport Insurance Corporation

The financial strength rating of A- (Excellent) has been placed
under review with negative implications for The Medical Protective
Company, a subsidiary of GE Insurance Solutions Corp.com/reinsurance/

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The short-term 'F1+' rating is based
on the liquidity support of a standby bond purchase agreement (SBPA)
provided by Dexia Credit Local, acting through its New York Branch. Additionally,
the financial strength rating of A- (Excellent) and the issuer credit
rating of "a-" of Employers Reassurance Corporation have been placed
under review with negative implications.
The financial strength rating of B+ (Very Good) has been placed
under review with negative implications for Coregis Insurance Company ,
a subsidiary of GE Insurance Solutions Corp.

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The proceeds of the bonds will be used to finance capital
improvements to the water supply system's capital improvement program .

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The short-term 'F1+' rating is based on the
liquidity support of a standby bond purchase agreement (SBPA) provided
by Citibank, N.
Bonds may be converted to a daily, commercial paper, auction, term or
a fixed rate mode.J.

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In November 2004, A.

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The sale date of the bonds is expected
to be on or about March 23, 2005.

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The insurance policy will be in effect until the bonds
mature on Nov. For more
information, visit A.

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, which insures scheduled payments of principal and interest on
the bonds.M.

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The bonds are subject to mandatory tender on: any
mode-change date - the date of conversion of the interest rate from
one mode to another; the second business day prior to the expiration
of a credit or liquidity facility; on the fifth day preceding the
termination of a credit or liquidity facility; the fifth day following
Trustee's receipt from the issuer of a direct-pay credit facility that
the interest component of such facility will not be reinstated; the
second business day preceding the substitution of the credit or
liquidity facility; and the business day after the last date of the
commercial paper or term rate period. Best has further discussions with
management regarding the timing, level and quality of capital
restoration measures.

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While bonds bear interest in the daily or weekly rate
modes, interest is payable on the first business day of each month,
commencing April 1, 2005.
These rating actions follow an initial meeting with management
following General Electric's (GE) (NYSE: GE) recent announcement that
GE Insurance will be taking an additional $472 million after tax
charge in the fourth quarter associated with adverse reserve
development stemming primarily from the 1997-2001 accident years. Furthermore, A .

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The remarketing agent is Citigroup Global
Markets Inc. The SBPA will expire on the stated expiration date of March 23,
2012 or upon the occurrence of certain events of termination as
specified in the SBPA.
The bonds initially bear interest in the weekly rate mode, but may
be converted to a daily, commercial paper, term, auction, or fixed
interest rate. Optional and mandatory redemption provisions also apply to the
bonds pursuant to the terms of the documents.00% senior unsecured notes , due 2026

-- "bbb+" on $350 million 7.ambest.