Fitch Ratings has withdrawn its ratings on $125 million of Oregon Bond Bank bonds.

The rating agency said it was unable to get enough information to provide coverage.

Fitch pulled its AA and AA-minus ratings on governmental-purpose bonds issued for the Oregon Economic and Community Development Department from 1993 to 1998.

Chip Pierce, the Bond Bank's financial adviser with Western Financial Group, said his firm did not see any upside to providing the information to Fitch.

"It would have required the Bond Bank to create a presentation for an agency we did not want to rate us," Pierce said.

Pierce said the bank discontinued working with Fitch in 2008 because of disagreements over ratings.

"We were not going to pay them to continue to rate our bonds," Pierce said. "We thought they were missing some of the basic credit strengths of the program."

Moody Investors Service rates the bank Aa3 and Standard & Poor's rates it AA-plus.

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