Mason Harrison Ratliff Enterprises LLC $6.740 Million Notes Series 2018 Assigned 'AA+/A-1+' Rating - S&P Global Ratings’ Credit Research

Mason Harrison Ratliff Enterprises LLC $6.740 Million Notes Series 2018 Assigned 'AA+/A-1+' Rating

Mason Harrison Ratliff Enterprises LLC $6.740 Million Notes Series 2018 Assigned 'AA+/A-1+' Rating - S&P Global Ratings’ Credit Research
Mason Harrison Ratliff Enterprises LLC $6.740 Million Notes Series 2018 Assigned 'AA+/A-1+' Rating
Published Jul 12, 2018
3 pages (1257 words) — Published Jul 12, 2018
Price US$ 150.00  |  Buy this Report Now

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Abstract:

CHICAGO (S&P Global Ratings) July 12, 2018--S&P Global Ratings today assigned its 'AA+/A-1+' rating to Mason Harrison Ratliff Enterprises LLC's $6.740 million taxable variable-rate notes series 2018 due July 1, 2048 (see list). The 'AA+/A-1+' rating on the notes reflects the higher of our ratings on the Federal Home Loan Bank of Dallas (FHLB Dallas; AA+/Stable/A-1+), the confirming letter of credit (CLOC) provider, and Green Bank N.A. (not rated), the fronting LOC (FLOC) provider, during the weekly interest rate mode ("the rated mode"). The 'AA+' long-term component of our rating reflects the higher of our long-term issuer credit ratings on FHLB Dallas and Green Bank, and addresses our expectation for full and timely interest and principal payments when the noteholders

  
Brief Excerpt:

...CHICAGO (S&P Global Ratings) July 12, 2018--S&P Global Ratings today assigned its '##+/A-1+' rating to Mason Harrison Ratliff Enterprises LLC's $6.740 million taxable variable-rate notes series 2018 due July 1, 2048 (see list). The '##+/A-1+' rating on the notes reflects the higher of our ratings on the Federal Home Loan Bank of Dallas (FHLB Dallas; ##+/Stable/A-1+), the confirming letter of credit (CLOC) provider, and Green Bank N.A. (not rated), the fronting LOC (FLOC) provider, during the weekly interest rate mode ("the rated mode"). The '##+' long-term component of our rating reflects the higher of our long-term issuer credit ratings on FHLB Dallas and Green Bank, and addresses our expectation for full and timely interest and principal payments when the noteholders have not exercised the put option. The 'A-1+' short-term component of our rating reflects the higher of our short-term issuer credit ratings on FHLB Dallas and Green Bank, and addresses our expectation for full and timely...

  
Report Type:

Ratings Action

Ticker
1191704D
Issuer
Mason Harrison Ratliff Enterprises, LLC
Sector
Global Issuers
Country
Region
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MLA:
S&P Global Ratings’ Credit Research. "Mason Harrison Ratliff Enterprises LLC $6.740 Million Notes Series 2018 Assigned 'AA+/A-1+' Rating" Jul 12, 2018. Alacra Store. Dec 09, 2018. <http://www.alacrastore.com/s-and-p-credit-research/Mason-Harrison-Ratliff-Enterprises-LLC-6-740-Million-Notes-Series-2018-Assigned-AA-A-1-Rating-2070995>
  
APA:
S&P Global Ratings’ Credit Research. (). Mason Harrison Ratliff Enterprises LLC $6.740 Million Notes Series 2018 Assigned 'AA+/A-1+' Rating Jul 12, 2018. New York, NY: Alacra Store. Retrieved Dec 09, 2018 from <http://www.alacrastore.com/s-and-p-credit-research/Mason-Harrison-Ratliff-Enterprises-LLC-6-740-Million-Notes-Series-2018-Assigned-AA-A-1-Rating-2070995>
  
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