Iowa Finance Authority Ratings Lowered To 'AA-/A-1+' - S&P Global Ratings’ Credit Research

Iowa Finance Authority Ratings Lowered To 'AA-/A-1+'

Iowa Finance Authority Ratings Lowered To 'AA-/A-1+' - S&P Global Ratings’ Credit Research
Iowa Finance Authority Ratings Lowered To 'AA-/A-1+'
Published Feb 06, 2013
1063 words — Published Feb 06, 2013
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Abstract:

NEW YORK (Standard&Poor's) Feb. 6, 2013--Standard&Poor's Ratings Services today lowered its ratings on Iowa Finance Authority's $3.65 million variable rate demand solid waste disposal revenue bonds series 2002 due July 1, 2018, to 'AA-/A-1+' from 'AA+/A-1+'. Today's rating actions follow the Jan. 28, 2013, withdrawal of our ratings on the third-party support provider (the fronting letter of credit provider), which is confidentially rated. The long- and short-term components of our ratings on the bonds are now based on our long- and short-term issuer credit ratings on Wells Fargo Bank, N.A. ('AA-/A-1+'); the confirming letter of credit provider. Changes to our ratings on the bonds can result from, among other things, changes to our ratings on the

  
Brief Excerpt:

RESEARCH Iowa Finance Authority Ratings Lowered To '##-/A-1+' Publication date: 06-Feb-2013 Primary Credit Analyst: Alexander J Gombach, New York (1) 212-438-1000; alexander_gombach@standardandpoors.com Secondary Contacts: Ekaterina...

  
Report Type:

Ratings Action

Issuer
Sector
Global Issuers, Public Finance
Country
Region
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MLA:
S&P Global Ratings’ Credit Research. "Iowa Finance Authority Ratings Lowered To 'AA-/A-1+'" Feb 06, 2013. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Iowa-Finance-Authority-Ratings-Lowered-To-AA-A-1-1073366>
  
APA:
S&P Global Ratings’ Credit Research. (). Iowa Finance Authority Ratings Lowered To 'AA-/A-1+' Feb 06, 2013. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Iowa-Finance-Authority-Ratings-Lowered-To-AA-A-1-1073366>
  
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