'AA-/A-1+' Rating On The District Of Columbia's Series 2001 Bonds Reinstated - S&P Global Ratings’ Credit Research

'AA-/A-1+' Rating On The District Of Columbia's Series 2001 Bonds Reinstated

'AA-/A-1+' Rating On The District Of Columbia's Series 2001 Bonds Reinstated - S&P Global Ratings’ Credit Research
'AA-/A-1+' Rating On The District Of Columbia's Series 2001 Bonds Reinstated
Published Jun 12, 2015
3 pages (1097 words) — Published Jun 12, 2015
Price US$ 150.00  |  Buy this Report Now

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Abstract:

NEW YORK (Standard&Poor's) June 12, 2015--Standard&Poor's Ratings Services today reinstated its 'AA-/A-1+' rating on the District of Columbia's US$15 million Enterprise Zone Revenue Bonds Series 2001 (The Malrite Company project) due 5/1/2016. Our rating on these bonds is based on our long-term issuer credit rating on Bank of New York Mellon (BONY Mellon; AA-/A-1+), the letter of credit (LOC) provider. The long- and short-term components of our ratings on these bonds are based on our long- and short-term issuer credit LOC provider. The long-term component of our rating addresses full and timely payments of interest and principal when the bondholders have not exercised the put option. The short-term component of our rating addresses full and timely

  
Brief Excerpt:

...NEW YORK (Standard & Poor's) June 12, 2015--Standard & Poor's Ratings Services today reinstated its '##-/A-1+' rating on the District of Columbia's US$15 million Enterprise Zone Revenue Bonds Series 2001 (The Malrite Company project) due 5/1/2016. Our rating on these bonds is based on our long-term issuer credit rating on Bank of New York Mellon (BONY Mellon; ##-/A-1+), the letter of credit (LOC) provider. The long- and short-term components of our ratings on these bonds are based on our long- and short-term issuer credit LOC provider. The long-term component of our rating addresses full and timely payments of interest and principal when the bondholders have not exercised the put option. The short-term component of our rating addresses full and timely payments of interest and principal when the bondholders have exercised the put option. We had withdrawn the rating due to an administrative error. STANDARD & POOR'S 17G-7 DISCLOSURE REPORT SEC Rule 17g-7 requires an NRSRO, for any report accompanying...

  
Report Type:

Ratings Action

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Global Issuers, Public Finance, Structured Finance
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "'AA-/A-1+' Rating On The District Of Columbia's Series 2001 Bonds Reinstated" Jun 12, 2015. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/AA-A-1-Rating-On-The-District-Of-Columbia-s-Series-2001-Bonds-Reinstated-1404077>
  
APA:
S&P Global Ratings’ Credit Research. (). 'AA-/A-1+' Rating On The District Of Columbia's Series 2001 Bonds Reinstated Jun 12, 2015. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/AA-A-1-Rating-On-The-District-Of-Columbia-s-Series-2001-Bonds-Reinstated-1404077>
  
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