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S&P Credit Research913 word report
published Nov 03, 2009
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S&P Credit Research
| Abstract: | Standard&Poor's Ratings Services revised its rating on Alaska Industrial Development and Export Authority's revolving fund refunding bonds, series 2008A and 2008B, to 'AAA/A-1+' from 'AA-/A-1+' to reflect the application of joint criteria. The bonds have joint support from a direct-pay letter of credit (LOC) provided by State Street Bank and Trust Company (AA-/A-1+) and the Alaska Industrial Development and Export Authority ('AA-' underlying rating). The rating is derived from the low correlation chart. Both the bank and the issuer are obligated to pay principal and interest for debt service. The short-term rating reflects the short-term rating of State Street Bank and Trust. The LOC provides coverage for all principal and interest payments and for the purchase price of
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| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Alaska Industrial Development and Export Authority; State Revolving Funds/Pools Publication date: 03-Nov-2009 Primary Credit Analyst: Lawrence Witte, San Francisco (1) 415-371-5037; larry_witte@standardandpoors.com...
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| Report Type: | Summary
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| Issuer: | Alaska Indl Dev&Export Auth
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| Sector: | Global Issuers, Public Finance
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| Country: | United States
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| Region: | United States
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
Also from S&P Credit Research
- Rating On Alaska Indl Dev&Export Auth's Revolving Fund Refunding Bonds, Series 2008A And B, Revised To 'AAA/A-1+' $100.00
SAN FRANCISCO (Standard&Poor's) Nov. 3, 2009--Standard&Poor's Ratings Services revised its rating on Alaska Industrial Development and Export Authority's revolving fund refunding bonds, series 2008A and 2008B, to 'AAA/A-1+' from 'AA-/A-1+' ...
- Summary: Ratings On 17 State Street Bank and Trust Co. LOC-Backed Issues Lowered To 'AA-/A-1+'; Appropriations; Letter of Credit; State Revolving Funds/Pools; Tax Increment $175.00
Standard&Poor's Ratings Services lowered its ratings on 17 State Street Bank and Trust Co. letter of credit (LOC)-backed issues to 'AA-/A-1+' from 'AA/A-1+'. This action follows Standard&Poor's downgrade of State Street Bank and Trust Co. to ...
- Summary: Alaska Industrial Development and Export Authority; State Revolving Funds/Pools $175.00
Standard&Poor's Ratings Services assigned its 'AA/A-1+' rating to the Alaska Industrial Development and Export Authority's revolving-fund refunding bonds, series 2008A and 2008B. The rating reflects the direct-pay letter of credit (LOC) provided ...
- Alaska Indl Dev&Export Auth's Revolving Fund SPUR Raised To 'AA-' On Reduced Debt Position $100.00
SAN FRANCISCO (Standard&Poor's) May 8, 2008-- Standard&Poor's Ratings Services raised its underlying rating (SPUR) to 'AA-' from 'A' on the Alaska Industrial Development and Export Authority's outstanding revolving fund bonds. At the same time, ...
- Alaska Industrial Development And Export Authority; State Revolving Funds/Pools $400.00
Standard&Poor's Ratings Services raised its underlying rating (SPUR) to 'AA-' from 'A' on the Alaska Industrial Development and Export Authority's outstanding revolving fund bonds. At the same time, Standard&Poor's assigned its 'AA-' rating ...
- Summary: Alaska Industrial Development And Export Authority; State Revolving Funds/Pools $175.00
Standard&Poor's Ratings Services raised its underlying rating (SPUR) to 'AA-' from 'A' on the Alaska Industrial Development and Export Authority's outstanding revolving fund bonds. At the same time, Standard&Poor's assigned its 'AA-' rating ...
- Summary: Alaska Industrial Development and Export Authority; State Revolving Funds/Pools $175.00
Standard&Poor's Ratings Services assigned its 'AAA/A-1+' rating to Alaska Industrial Development and Export Authority's revolving fund refunding bonds series 2007 A and B. The long-term component of the rating is based on a bond insurance policy ...
- Alaska Industrial Development And Export Authority; State Revolving Funds/Pools $400.00
Standard&Poor's Ratings Services assigned its 'A' rating to the Alaska Industrial Development and Export Authority's $59.115 million series 2007A bonds and $59.110 million series 2007B bonds, and affirmed its 'A' rating on the authority's $83.05 ...
