| Title: | Bay Area Toll Auth, CA's VRDB Assigned 'AA' Rtg On Strong Business Position, Solid Liquidity |
| Price: | $100.00 |
| Publication Date: | May 05, 2008 |
| Report Type: | News |
| Abstract: | SAN FRANCISCO (Standard&Poor's) May 5, 2008-- Standard&Poor's Ratings Services assigned its 'AA' long-term rating to Bay Area Toll Authority (BATA), Calif.'s $500 million 2008 series A-1, B-1, C-1, D-1, E-1, and G-1 toll bridge revenue variable-rate demand bonds (VRDBs). At the same time, Standard&Poor's affirmed its 'AA' underlying rating (SPUR) on BATA's outstanding toll bridge revenue bonds. The outlook is stable. The VRDBs are also expected to receive a short-term rating based on bank liquidity. "The rating reflects BATA's very strong business position and diversified portfolio of assets, as well as a solid forecast of financial coverage and liquidity levels," said Standard&Poor's credit analyst Robert Hannay. "In addition, it benefits from a |
| Brief Excerpt: | RESEARCH Ratings Definitions Bay Area Toll Auth, CA's VRDB Assigned '##' Rtg On Strong Business Position, Solid Liquidity Publication date: ##-May-#### Primary Credit Analyst: Robert Hannay, San Francisco (#) ###-###-####; robert_hannay@standardandpoors... |
| Word Count: | 595 |
| Issuer: | Bay Area Toll Auth |
| Sector: | Public Finance |
| Country: | United States |
| Region: | United States |
| Format: | 
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