New Issue: Mason Harrison Ratliff Enterprises LLC - S&P Global Ratings’ Credit Research

New Issue: Mason Harrison Ratliff Enterprises LLC

New Issue: Mason Harrison Ratliff Enterprises LLC - S&P Global Ratings’ Credit Research
New Issue: Mason Harrison Ratliff Enterprises LLC
Published Jul 12, 2018
5 pages (1810 words) — Published Jul 12, 2018
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

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. 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 have not exercised the put option. The 'A-1+'

  
Brief Excerpt:

...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. 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 interest and principal payments when the noteholders have...

  
Report Type:

Full Report

Ticker
1191704D
Issuer
Mason Harrison Ratliff Enterprises, LLC
Sector
Global Issuers, Structured Finance
Country
Region
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings 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.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "New Issue: Mason Harrison Ratliff Enterprises LLC" Jul 12, 2018. Alacra Store. Sep 18, 2018. <http://www.alacrastore.com/s-and-p-credit-research/New-Issue-Mason-Harrison-Ratliff-Enterprises-LLC-2070706>
  
APA:
S&P Global Ratings’ Credit Research. (). New Issue: Mason Harrison Ratliff Enterprises LLC Jul 12, 2018. New York, NY: Alacra Store. Retrieved Sep 18, 2018 from <http://www.alacrastore.com/s-and-p-credit-research/New-Issue-Mason-Harrison-Ratliff-Enterprises-LLC-2070706>
  
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