Los Angeles 'AA+' 2009E Multifamily Housing Revenue Bond Rating Reinstated After Administrative Error - S&P Global Ratings’ Credit Research

Los Angeles 'AA+' 2009E Multifamily Housing Revenue Bond Rating Reinstated After Administrative Error

Los Angeles 'AA+' 2009E Multifamily Housing Revenue Bond Rating Reinstated After Administrative Error - S&P Global Ratings’ Credit Research
Los Angeles 'AA+' 2009E Multifamily Housing Revenue Bond Rating Reinstated After Administrative Error
Published Oct 02, 2018
3 pages (992 words) — Published Oct 02, 2018
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) Oct. 2, 2018--S&P Global Ratings corrected by reinstating its 'AA+' rating on Los Angeles, Calif.'s multifamily housing revenue bonds, series 2009E, issued on behalf of the Dana Strand senior apartments project. The outlook is stable. The rating is based on the rating of Freddie Mac (AA+/A-1+), which is providing a direct-pay credit enhancement agreement. On April 3, 2018, these bonds were inadvertently marked as fully called and withdrawn due to an administrative error.

  
Brief Excerpt:

...NEW YORK (S&P Global Ratings) Oct. 2, 2018--S&P Global Ratings corrected by reinstating its '##+' rating on Los Angeles, Calif.'s multifamily housing revenue bonds, series 2009E, issued on behalf of the Dana Strand senior apartments project. The outlook is stable. The rating is based on the rating of Freddie Mac (##+/A-1+), which is providing a direct-pay credit enhancement agreement. On April 3, 2018, these bonds were inadvertently marked as fully called and withdrawn due to an administrative error. Information on GAMMA scores and corporate governance scores is available to subscribers of RatingsDirect on the Global Credit Portal at www.globalcreditportal.com. If you are not a RatingsDirect subscriber, you may purchase a Information on GAMMA scores and corporate governance scores is available to subscribers of RatingsDirect on the Global Credit Portal at www.globalcreditportal.com. It is also available at www.governance.standardandpoors.com, and on the Russian-language web site at www.standardandpoors.ru....

  
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Ratings Action

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Global Issuers, Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "Los Angeles 'AA+' 2009E Multifamily Housing Revenue Bond Rating Reinstated After Administrative Error" Oct 02, 2018. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Los-Angeles-AA-2009E-Multifamily-Housing-Revenue-Bond-Rating-Reinstated-After-Administrative-Error-2108427>
  
APA:
S&P Global Ratings’ Credit Research. (). Los Angeles 'AA+' 2009E Multifamily Housing Revenue Bond Rating Reinstated After Administrative Error Oct 02, 2018. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Los-Angeles-AA-2009E-Multifamily-Housing-Revenue-Bond-Rating-Reinstated-After-Administrative-Error-2108427>
  
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