Rating On Grain Spectrum Funding LLC Series 2013-1 Lowered To 'BBB(sf)' And Removed From CreditWatch Negative - S&P Global Ratings’ Credit Research

Rating On Grain Spectrum Funding LLC Series 2013-1 Lowered To 'BBB(sf)' And Removed From CreditWatch Negative

Rating On Grain Spectrum Funding LLC Series 2013-1 Lowered To 'BBB(sf)' And Removed From CreditWatch Negative - S&P Global Ratings’ Credit Research
Rating On Grain Spectrum Funding LLC Series 2013-1 Lowered To 'BBB(sf)' And Removed From CreditWatch Negative
Published Jul 12, 2018
Published Jul 12, 2018
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Abstract:

OVERVIEW Grain Spectrum Funding LLC's series 2013-1 is backed by cellular phone wireless spectrum (transmission frequencies) leases. We lowered our rating to 'BBB (sf)', due to the downgrade of one of the lessees, AT&T Inc. on June 15, 2018. At the same time, we removed the rating from CreditWatch negative. NEW YORK (S&P Global Ratings) July 12, 2018--S&P Global Ratings today lowered its rating on Grain Spectrum Funding LLC's series 2013-1 to 'BBB (sf)' from 'BBB+ (sf)'. At the same time, we removed the rating from CreditWatch with negative implications. Grain Spectrum Funding LLC is backed by cellular phone wireless spectrum (transmission frequencies) leases. Series 2013-1 comprises three AT&T Mobility LLC wireless spectrum leases in North Carolina and one Cellco

  
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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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MLA:
S&P Global Ratings’ Credit Research. "Rating On Grain Spectrum Funding LLC Series 2013-1 Lowered To 'BBB(sf)' And Removed From CreditWatch Negative" Jul 12, 2018. Alacra Store. Jul 20, 2018. <http://www.alacrastore.com/s-and-p-credit-research/Rating-On-Grain-Spectrum-Funding-LLC-Series-2013-1-Lowered-To-BBB-sf-And-Removed-From-CreditWatch-Negative-2070713>
  
APA:
S&P Global Ratings’ Credit Research. (). Rating On Grain Spectrum Funding LLC Series 2013-1 Lowered To 'BBB(sf)' And Removed From CreditWatch Negative Jul 12, 2018. New York, NY: Alacra Store. Retrieved Jul 20, 2018 from <http://www.alacrastore.com/s-and-p-credit-research/Rating-On-Grain-Spectrum-Funding-LLC-Series-2013-1-Lowered-To-BBB-sf-And-Removed-From-CreditWatch-Negative-2070713>
  
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