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Louisiana Public Facilities Authority Joint Criteria-Backed Bonds On Watch Positive

Published May 16, 2006

436 words — Published May 16, 2006

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About This Report

Abstract:

NEW YORK (Standard&Poor's) May 16, 2006--Standard&Poor's Ratings Services placed its 'AA+/A-1+' rating on Louisiana Public Facilities Authority's $15.6 million equipment and capital facilities pooled loan program adjustable-rate revenue bonds series 2002C on CreditWatch with positive implications due to Standard&Poor's May 8, 2006, upgrade of Hibernia National Bank, New Orleans, La. to BBB+/Watch Pos/A-2 from BBB/Watch Pos/A-3. The long- and short-term components of the rating on the bonds are based on the application of joint criteria assuming medium correlation and reflect the ratings of a letter of credit provided by Branch Banking&Trust Co. and the letter of credit provided by Hibernia National Bank. The rating on Louisiana Public Facilities Authority's series 2002C bonds

Brief Excerpt:

RESEARCH Louisiana Public Facilities Authority Joint Criteria-Backed Bonds On Watch Positive Publication date: 16-May-2006 NEW YORK (Standard & Poor's) May 16, 2006--Standard & Poor's Ratings Services placed its '##+/A-1+' rating on...

Report Type:

Ratings Action

Ticker

LASFAC

Issuer

Louisiana Public Facilities Authority

Sector

Global Issuers, Public Finance, Structured Finance

Country

United States

Region

United States

Format:

PDF

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Louisiana Public Facilities Authority Joint Criteria-Backed Bonds On Watch Positive" May 16, 2006. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Louisiana-Public-Facilities-Authority-Joint-Criteria-Backed-Bonds-On-Watch-Positive-509174>

APA:	S&P Global Ratings’ Credit Research. (). Louisiana Public Facilities Authority Joint Criteria-Backed Bonds On Watch Positive May 16, 2006. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Louisiana-Public-Facilities-Authority-Joint-Criteria-Backed-Bonds-On-Watch-Positive-509174>

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