Summary: Pennsylvania Economic Development Financing Authority   Pennsylvania; Miscellaneous Tax - S&P Global Ratings’ Credit Research

Summary: Pennsylvania Economic Development Financing Authority Pennsylvania; Miscellaneous Tax

Summary: Pennsylvania Economic Development Financing Authority   Pennsylvania; Miscellaneous Tax - S&P Global Ratings’ Credit Research
Summary: Pennsylvania Economic Development Financing Authority Pennsylvania; Miscellaneous Tax
Published Mar 29, 2016
Published Mar 29, 2016
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Standard&Poor's Ratings Services has affirmed its 'AA+' rating on Pennsylvania Economic Development Financing Authority's series 2012A and 2012B unemployment compensation (UC) revenue bonds issued for the commonwealth of Pennsylvania. The outlook is stable. The bonds were issued by the Pennsylvania Economic Development Finance Authority with proceeds being lent to the Pennsylvania Department of Labor and Industry pursuant to a loan agreement. The bonds are secured by a first lien on an assessment (called an interest factor contribution) levied on contributing employers doing business in Pennsylvania and collected pursuant to section 301.6 of the Pennsylvania Unemployment Compensation Law (UC law) and money on deposit in the funds held by the trustee (Bank of New York Mellon Trust Co. N.A).

  
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: Pennsylvania Economic Development Financing Authority Pennsylvania; Miscellaneous Tax" Mar 29, 2016. Alacra Store. Jul 17, 2019. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Pennsylvania-Economic-Development-Financing-Authority-Pennsylvania-Miscellaneous-Tax-1605050>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Pennsylvania Economic Development Financing Authority Pennsylvania; Miscellaneous Tax Mar 29, 2016. New York, NY: Alacra Store. Retrieved Jul 17, 2019 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Pennsylvania-Economic-Development-Financing-Authority-Pennsylvania-Miscellaneous-Tax-1605050>
  
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