DeKalb-Jackson Cooperative District, AL Series 2016 Underlying Rating Reinstated At 'B+' - S&P Global Ratings’ Credit Research

DeKalb-Jackson Cooperative District, AL Series 2016 Underlying Rating Reinstated At 'B+'

DeKalb-Jackson Cooperative District, AL Series 2016 Underlying Rating Reinstated At 'B+' - S&P Global Ratings’ Credit Research
DeKalb-Jackson Cooperative District, AL Series 2016 Underlying Rating Reinstated At 'B+'
Published Mar 22, 2024
2 pages (994 words) — Published Mar 22, 2024
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) March 22, 2024--S&P Global Ratings corrected by reinstating its 'B+' underlying rating (SPUR) on DeKalb-Jackson Cooperative District (DKJCD), Ala.'s series 2016 revenue bonds. The outlook is positive. The 'AA' long-term rating on this series is based on the enhancement of a bond insurance policy provided by Assured Guaranty Municipal Corp. (AA/Stable). This rating action corrects an error that occurred on March 18, 2024, when these bonds were inadvertently marked as withdrawn.

  
Brief Excerpt:

...March 22, 2024 NEW YORK (S&P Global Ratings) March 22, 2024--S&P Global Ratings corrected by reinstating its 'B+' underlying rating (SPUR) on DeKalb-Jackson Cooperative District (DKJCD), Ala.'s series 2016 revenue bonds. The outlook is positive. The '##' long-term rating on this series is based on the enhancement of a bond insurance policy provided by Assured Guaranty Municipal Corp. (##/Stable). This rating action corrects an error that occurred on March 18, 2024, when these bonds were inadvertently marked as withdrawn....

  
Report Type:

Ratings Action

Issuer
Dekalb-Jackson Water Supply District Inc.
Sector
Public Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "DeKalb-Jackson Cooperative District, AL Series 2016 Underlying Rating Reinstated At 'B+'" Mar 22, 2024. Alacra Store. May 09, 2025. <http://www.alacrastore.com/s-and-p-credit-research/DeKalb-Jackson-Cooperative-District-AL-Series-2016-Underlying-Rating-Reinstated-At-B-3142711>
  
APA:
S&P Global Ratings’ Credit Research. (). DeKalb-Jackson Cooperative District, AL Series 2016 Underlying Rating Reinstated At 'B+' Mar 22, 2024. New York, NY: Alacra Store. Retrieved May 09, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/DeKalb-Jackson-Cooperative-District-AL-Series-2016-Underlying-Rating-Reinstated-At-B-3142711>
  
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