Louisiana Public Facilities Authority Series 1994 'BBB' Rating Withdrawn - S&P Global Ratings’ Credit Research

Louisiana Public Facilities Authority Series 1994 'BBB' Rating Withdrawn

Louisiana Public Facilities Authority Series 1994 'BBB' Rating Withdrawn - S&P Global Ratings’ Credit Research
Louisiana Public Facilities Authority Series 1994 'BBB' Rating Withdrawn
Published Jul 08, 2008
347 words — Published Jul 08, 2008
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About This Report

  
Abstract:

NEW YORK (Standard&Poor's) July 8, 2008--Standard&Poor's Ratings Services today withdrew its 'BBB' rating on the Louisiana Public Facilities Authority's extended-care facilities series 1994 revenue bonds (Comm-Care Corp. Project). We withdrew the rating following the full defeasance of eight cross-collateralized and cross-defaulted mortgage loans that served as collateral for the transaction. The loans were secured by eight nursing home facilities located throughout the state of Louisiana. Standard&Poor's did not review the defeasance, which took place on June 24, 2008.

  
Brief Excerpt:

RESEARCH Louisiana Public Facilities Authority Series 1994 '###' Rating Withdrawn Publication date: 08-Jul-2008 Primary Credit Analyst: John Kemp, New York (1) 212-438-2508; john_kemp@standardandpoors.com Secondary Credit Analyst:...

  
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 Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Louisiana Public Facilities Authority Series 1994 'BBB' Rating Withdrawn" Jul 08, 2008. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Louisiana-Public-Facilities-Authority-Series-1994-BBB-Rating-Withdrawn-658473>
  
APA:
S&P Global Ratings’ Credit Research. (). Louisiana Public Facilities Authority Series 1994 'BBB' Rating Withdrawn Jul 08, 2008. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Louisiana-Public-Facilities-Authority-Series-1994-BBB-Rating-Withdrawn-658473>
  
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