Temporary Waiver of Weiss Bank Safety Rating for CAF II and RDOF
The Federal Communications Commission's Wireline Competition Bureau (Bureau) partially waived, on one's own behalf, the requirement that a bank issuing a letter of credit (LOC) to a support recipient for either the Connect America Fund Phase II Auction (Auction 903) or the Rural Digital Opportunity Fund Auction (Auction 904) maintain a Weiss bank safety rating of B- or better. This limited waiver only applies to banks that previously issued LOCs to Auction 903 or 904 support recipients, and therefore previously had a Weiss bank safety rating of B- or better.