| Title: | Brea Redevelopment Agency, CA's Series 2008 TABs Assigned 'BBB+' Rating |
| Price: | $100.00 |
| Publication Date: | May 02, 2008 |
| Report Type: | News |
| Abstract: | SAN FRANCISCO (Standard&Poor's) May 2, 2008--Standard&Poor's Ratings Services assigned its 'BBB+' rating to Brea Public Financing Authority, Calif.'s 2008 series A tax allocation revenue bonds (TABs) and taxable 2008 series B TABs, issued for the Brea Redevelopment Agency and secured by increment from the agency's Project Area C. The outlook is stable. "The rating is based on strong recent growth in the project area tax base as well sufficient coverage to protect against moderate taxpayer concentration," said Standard&Poor's credit analyst Rob Williams. "Maximum annual debt service coverage is healthy and the agency's additional bonds test is strengthened by its current inability to issue additional parity debt due to the constraint of the annual tax |
| Brief Excerpt: | RESEARCH Ratings Definitions Brea Redevelopment Agency, CA's Series #### TABs Assigned '###+' Rating Publication date: ##-May-#### Primary Credit Analyst: Robert Williams, San Francisco (#) ###-###-####; robert_williams@standardandpoors.com... |
| Word Count: | 597 |
| Issuer: | Brea Redev Agy |
| Sector: | Public Finance |
| Country: | United States |
| Region: | United States |
| Format: | 
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