...December 2, 2021 NEW YORK (S&P Global Ratings) Dec. 2, 2021--S&P Global Ratings today assigned its '##/A-1+' rating to Iowa Finance Authority's $220 million Midwestern Disaster Area Economic Development Revenue Refunding Bonds (CJ Bio America Inc. Project) series 2021 due Dec. 1, 2041. The '##/A-1+' rating on the bonds reflects our view of the creditworthiness of the letter of credit (LOC) provider, which is based on the lower of our long- and short-term foreign-currency ratings on Korea Development Bank ('##/A-1+'), the LOC provider's parent, and our long- and short-term ratings on the U.S. ('##+/A-1+'), the jurisdiction where the LOC provider is located, during the weekly interest rate mode (the rated mode). For more information on bank branch ratings, see "Methodology Applied To Bank Branch-Supported Transactions," published Oct. 14, 2013. The '##' long-term component of our rating is based on our long-term foreign-currency rating on Korea Development Bank, and it addresses full and...
