Summary: Commonwealth Financing Authority   Pennsylvania; Appropriations - S&P Global Ratings’ Credit Research

Summary: Commonwealth Financing Authority Pennsylvania; Appropriations

Summary: Commonwealth Financing Authority   Pennsylvania; Appropriations - S&P Global Ratings’ Credit Research
Summary: Commonwealth Financing Authority Pennsylvania; Appropriations
Published Apr 01, 2015
Published Apr 01, 2015
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Standard&Poor's Ratings Services has assigned its 'A+' long-term rating to the Commonwealth Financing Authority (CFA), Pa.'s tax-exempt revenue refunding bonds (series 2015B-1) and taxable revenue refunding bonds (series 2015B-2) issued for Pennsylvania. At the same time, Standard&Poor's affirmed its 'A+' rating on the authority's debt outstanding. The outlook is stable. The rating reflects what we view as: The security of a service agreement between the authority and the commonwealth, acting through the Pennsylvania Department of Community and Economic Development, under which the CFA agrees to administer the original program on behalf of Pennsylvania, and the department agrees to pay to the authority a service fee that is sufficient to pay debt service requirements on the bonds;

  
Report Type:

Summary

Issuer
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Commonwealth Financing Authority Pennsylvania; Appropriations" Apr 01, 2015. Alacra Store. Oct 16, 2019. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Commonwealth-Financing-Authority-Pennsylvania-Appropriations-1392070>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Commonwealth Financing Authority Pennsylvania; Appropriations Apr 01, 2015. New York, NY: Alacra Store. Retrieved Oct 16, 2019 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Commonwealth-Financing-Authority-Pennsylvania-Appropriations-1392070>
  
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