...OVERVIEW - Arizona Industrial Development Authority's series 2018-1 municipal certificates are backed by various underlying municipal notes, each insured by Assured Guaranty. - We assigned ratings to the class A and class B certificates. - The ratings reflect our opinion of the likelihood the trustee will have sufficient assets to pay timely interest and full principal for the class A certificates, and principal for the class B certificates, when due. NEW YORK (S&P Global Ratings) Nov. 15, 2019--S&P Global Ratings assigned its '##' rating to Arizona Industrial Development Authority's $63.550 million class A series 2018-1 municipal certificates and 'AAp' rating to the authority's $52.002 million class B series 2018-1 municipal certificates. The ratings reflect our opinion of the likelihood the trustee will have sufficient assets to pay timely interest and full principal for the class A certificates, and principal for the class B certificates, when due, as published in the class B redemption...
