| Title: | Summary: Cumberland County Municipal Authority, Pennsylvania Presbyterian Homes Inc.; Long Term Care |
| Price: | $175.00 |
| Publication Date: | May 07, 2008 |
| Report Type: | Summary |
| Abstract: | Standard&Poor's Ratings Services assigned its 'AAA/A-1+' rating to Cumberland County Municipal Authority, Pa.'s variable-rate revenue bonds series B of 2008, issued for Presbyterian Homes Inc. The long-term component of the rating reflects the strength of the joint support of the Presbyterian Homes Inc.'s creditworthiness and the enhancement in the form of an LOC provided by Bank of America N.A. (AA+/A-1+). This rating was based on the low credit correlation between the obligor and the LOC provider. Furthermore, the short-term component of the rating is based on the liquidity support provided by the LOC. The LOC will provide enhancement for the bonds while they bear interest at the weekly rate period. The only other mode for the bonds is |
| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Cumberland County Municipal Authority, Pennsylvania Presbyterian Homes Inc.; Long Term Care Publication date: ##-May-#### Primary Credit Analyst: Erin McCutcheon, New York (#) ###-###-####; erin_mccutcheon@standarda... |
| Word Count: | 674 |
| Issuer: | Presbyterian Homes, Inc. |
| Sector: | Global Issuers, Public Finance, Financial Institutions |
| Country: | United States |
| Region: | United States |
| Format: | 
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