| Title: | Summary: Maryland Energy Financing Administration; Solid Waste/Resource Recovery |
| Price: | $175.00 |
| Publication Date: | May 09, 2008 |
| Report Type: | Summary |
| Abstract: | Standard&Poor's Ratings Services placed its 'A-' rating on Maryland Energy Financing Administration's bonds on CreditWatch with negative implications due to the recent credit deterioration of Synagro Technologies Inc. (STI). STI is the parent company of Synagro-Baltimore LLC (Synagro), the owner of the Maryland Energy Financing Administration facility. Standard&Poor's lowered its rating on STI to 'B-/Negative' from 'B/Stable' on April 2, 2008. While the previous rating on the Maryland Energy Financing Administration's bonds reflected the economics of the project, under Standard&Poor's current criteria, the transaction's legal structure does not provide adequate protection from Synagro in the event of STI's continued deterioration. Synagro and STI are considering changes to enhance the credit structure. Standard&Poor's |
| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Maryland Energy Financing Administration; Solid Waste/Resource Recovery Publication date: ##-May-#### Primary Credit Analyst: Richard J Marino, New York (#) ###-###-####; richard_marino@standardandpoors.com... |
| Word Count: | 518 |
| Issuer: | Maryland Energy Fing Admin |
| Sector: | Global Issuers, Public Finance, Financial Institutions, Corporations |
| Country: | United States |
| Region: | United States |
| Format: | 
HTML
|
| Free Sample: |
Click
Here
to Download
|
Looking For Something Else?
