Atlanta; Letter of Credit - S&P Global Ratings’ Credit Research

Atlanta; Letter of Credit

Atlanta; Letter of Credit - S&P Global Ratings’ Credit Research
Atlanta; Letter of Credit
Published Aug 17, 2015
5 pages (1784 words) — Published Aug 17, 2015
Price US$ 500.00  |  Buy this Report Now

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Abstract:

Standard&Poor's Ratings Services assigned its 'A-1' rating to Atlanta's series D and E CP notes. The series D CP notes include Atlanta's: Series D-1 and D-2 third-lien airport general revenue CP notes, and Series D-3 and series D-4 second-lien airport passenger facility charge CP notes and third-lien airport general revenue CP notes. The series E CP notes include Atlanta's: Series E-1 and E-2 third-lien airport general revenue CP notes, and Series E-3 and series E-4 second-lien airport passenger facility charge CP notes and third-lien airport general revenue CP notes. The ratings reflect our assessment of the credit and liquidity support that Bank of America N.A. provides for the series D CP notes and that Bank of Tokyo-Mitsubishi UFJ

  
Brief Excerpt:

...Expected closing date: Aug. 20, 2015 Structure type: Direct-pay letter of credit (LOC) LOC providers Series D commercial paper (CP) notes: Bank of America N.A. (rating dependency*) Series E CP notes: Bank of Tokyo-Mitsubishi UFJ Ltd. (rating dependency*) Issuing and paying agent: U.S. Bank N.A. Dealer: Merrill Lynch, Pierce, Fenner, & Smith Inc. *Standard & Poor's ratings on the CP notes are linked to its ratings on the respective LOC providers....

  
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Global Issuers, Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "Atlanta; Letter of Credit" Aug 17, 2015. Alacra Store. May 25, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Atlanta-Letter-of-Credit-1435365>
  
APA:
S&P Global Ratings’ Credit Research. (). Atlanta; Letter of Credit Aug 17, 2015. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Atlanta-Letter-of-Credit-1435365>
  
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