Louisiana Local Government Environmental Facilities Authority Bonds Lowered to 'BBB+/A-2' - S&P Global Ratings’ Credit Research

Louisiana Local Government Environmental Facilities Authority Bonds Lowered to 'BBB+/A-2'

Louisiana Local Government Environmental Facilities Authority Bonds Lowered to 'BBB+/A-2' - S&P Global Ratings’ Credit Research
Louisiana Local Government Environmental Facilities Authority Bonds Lowered to 'BBB+/A-2'
Published Sep 08, 2003
363 words — Published Sep 08, 2003
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Abstract:

NEW YORK (Standard&Poor's) Sept. 8, 2003--Standard&Poor's Ratings Services lowered its rating on Louisiana Local Government Environmental Facilities Authority's $6.3 million revenue bonds to 'BBB+/A-2' from 'AA/A-1' because the Toronto-Dominion Bank confirming letter of credit expired on Aug. 28, 2003. The rating is based on the confirmed letter of credit provided by Hibernia National Bank. The confirmed letter of credit is scheduled to expire on Aug. 28, 2007. Complete ratings information is available to subscribers of RatingsDirect, Standard&Poor's Web-based credit analysis system, at www.ratingsdirect.com. All ratings affected by this rating action can be found on Standard&Poor's public Web site at www.standardandpoors.com; under Credit Ratings in the left navigation bar, select Credit Ratings Actions.

  
Brief Excerpt:

RESEARCH Louisiana Local Government Environmental Facilities Authority Bonds Lowered to '###+/A-2' Publication date: 08-Sep-2003 NEW YORK (Standard & Poor's) Sept. 8, 2003--Standard & Poor's Ratings Services lowered its rating on Louisiana...

  
Report Type:

Ratings Action

Issuer
Louisiana Local Govt Envir Facs Comnty Dev Auth
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Louisiana Local Government Environmental Facilities Authority Bonds Lowered to 'BBB+/A-2'" Sep 08, 2003. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Louisiana-Local-Government-Environmental-Facilities-Authority-Bonds-Lowered-to-BBB-A-2-332355>
  
APA:
S&P Global Ratings’ Credit Research. (). Louisiana Local Government Environmental Facilities Authority Bonds Lowered to 'BBB+/A-2' Sep 08, 2003. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Louisiana-Local-Government-Environmental-Facilities-Authority-Bonds-Lowered-to-BBB-A-2-332355>
  
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