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City Of Jeffersonville Series 2007 Rating Raised To 'A/A-1'

Published Dec 15, 2011

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Abstract:

NEW YORK (Standard&Poor's) Dec. 15, 2011--Standard&Poor's Ratings Services today raised its rating on City of Jeffersonville, Ind.'s (the issuer's) variable-rate demand economic development revenue bonds series 2007 (for the Eagle Steel Products Inc. project) due Dec. 1, 2027, to 'A/A-1' from 'BBB+/A-2'. The upgrade follows the replacement of the letter of credit (LOC) that Fifth Third Bank ('BBB+/A-2') had provided with a new LOC from Bank of America N.A. ('A/A-1'). The 'A/A-1' rating reflects our opinion of the credit and liquidity support that Bank of America N.A. provides in the form of an irrevocable direct-pay LOC. Under the LOC, Bank of America N.A. fully supports all bond payment obligations when the bonds are in the weekly,

Report Type:

Ratings Action

Issuer

Jeffersonville

Sector

Global Issuers, Public Finance

Country

United States

Region

United States

Format:

HTML

Summary: Jeffersonville Redevelopment Commission, Indiana; Tax Increment – 2012/12/14 – US$ 225.00

Summary: Jeffersonville Building Corp., Indiana Jeffersonville; General Obligation – 2013/03/11 – US$ 225.00

Summary: Jeffersonville Redevelopment Commission, Indiana Jeffersonville; Tax Increment – 2013/05/03 – US$ 225.00

Transaction Update: City of Jeffersonville, Indiana - Series 2007 – 2011/12/15 – US$ 375.00

Transaction Update: City Of Jeffersonville, Ind. – Series 2001 – 2011/09/30 – US$ 375.00

City Of Jeffersonville, Ind. Series 2001 Bonds (Eagle Steel Products Inc. Project) Rating Raised To 'A+/A-1' – 2011/09/30 – US$ 150.00

Summary: Jeffersonville, Indiana; Water/Sewer – 2010/11/08 – US$ 225.00

Summary: Jeffersonville, Indiana; Water/Sewer – 2009/12/15 – US$ 225.00

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MLA:	S&P Global Ratings’ Credit Research. "City Of Jeffersonville Series 2007 Rating Raised To 'A/A-1'" Dec 15, 2011. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/City-Of-Jeffersonville-Series-2007-Rating-Raised-To-A-A-1-922216>

APA:	S&P Global Ratings’ Credit Research. (). City Of Jeffersonville Series 2007 Rating Raised To 'A/A-1' Dec 15, 2011. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/City-Of-Jeffersonville-Series-2007-Rating-Raised-To-A-A-1-922216>

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