Louisiana Public Facilities Authority 1990A Bond Rating Raised Two Notches To 'AA-' After Underlying Debt Rating Upgrade - S&P Global Ratings’ Credit Research

Louisiana Public Facilities Authority 1990A Bond Rating Raised Two Notches To 'AA-' After Underlying Debt Rating Upgrade

Louisiana Public Facilities Authority 1990A Bond Rating Raised Two Notches To 'AA-' After Underlying Debt Rating Upgrade - S&P Global Ratings’ Credit Research
Louisiana Public Facilities Authority 1990A Bond Rating Raised Two Notches To 'AA-' After Underlying Debt Rating Upgrade
Published Feb 11, 2014
Published Feb 11, 2014
Price US$ 150.00  |  Buy this Report Now

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Abstract:

NEW YORK (Standard&Poor's) Feb. 11, 2014--Standard&Poor's Ratings Services has raised its rating on Louisiana Public Facilities Authority's series 1990A multifamily housing capital appreciation revenue bonds, issued for the Carriage House, River Road, and Timber Ridge apartments, by two notches to 'AA-' from 'A'. The bonds receive support from a collateral enhancement provided by Freddie Mac. The outlook is stable. This action follows Standard&Poor's Dec. 16, 2013, raising of its rating on the underlying bonds (CUSIP#: 313400BV4) by two notches to 'AA-' from 'A'. (See, "Fannie Mae And Freddie Mac 'AA+/A-1+' Senior Debt Ratings Affirmed; Subordinated Debt Ratings Raised To 'AA-' From 'A'", published Dec. 16, 2013, on RatingsDirect.) "The stable outlook on the bonds

  
Report Type:

Ratings Action

Ticker
LASFAC
Issuer
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Louisiana Public Facilities Authority 1990A Bond Rating Raised Two Notches To 'AA-' After Underlying Debt Rating Upgrade" Feb 11, 2014. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Louisiana-Public-Facilities-Authority-1990A-Bond-Rating-Raised-Two-Notches-To-AA-After-Underlying-Debt-Rating-Upgrade-1257554>
  
APA:
S&P Global Ratings’ Credit Research. (). Louisiana Public Facilities Authority 1990A Bond Rating Raised Two Notches To 'AA-' After Underlying Debt Rating Upgrade Feb 11, 2014. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Louisiana-Public-Facilities-Authority-1990A-Bond-Rating-Raised-Two-Notches-To-AA-After-Underlying-Debt-Rating-Upgrade-1257554>
  
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