...December 20, 2024 New York (S&P Global Ratings) Dec. 20, 2024--S&P Global Ratings today assigned its '##-/A-1+' rating to Iowa Finance Authority's $7 million tax-exempt adjustable mode industrial development revenue bonds series 2024 (issued for Associated Milk Producers Inc. Project) due Dec. 1, 2031. The '##-/A-1+' rating on the bonds reflects our rating on JPMorgan Chase Bank N.A. (##-/A-1+), the letter of credit (LOC) provider, during the weekly interest rate mode. The long-term component of our rating reflects our long-term issuer credit rating on the JPMorgan Chase Bank N.A. (##-/A-1+) and addresses our expectation of full and timely interest and principal payments when the bondholders have not exercised the put option. The short-term component of our rating reflects our short-term issuer credit rating on the JPMorgan Chase Bank N.A. (##-/A-1+) and addresses our expectation of full and timely interest and principal payments when the bondholders have exercised the put option. In view...
