New Issue: Louisiana Public Facilities Authority - S&P Global Ratings’ Credit Research

New Issue: Louisiana Public Facilities Authority

New Issue: Louisiana Public Facilities Authority - S&P Global Ratings’ Credit Research
New Issue: Louisiana Public Facilities Authority
Published Jan 06, 2010
1182 words — Published Jan 06, 2010
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

The 'A+/A-1' rating assigned to Louisiana Public Facilities Authority?s revenue bonds series 2008 (for the C-Port LLC project) is based on the irrevocable, direct-pay letter of credit (LOC) that Bank of America N.A. ('A+/A-1') provides. The rating applies to the bonds only when they're in the weekly rate mode (see Structural Overview). The 'A+' long-term component of the rating reflects our opinion of the likelihood that the bonds' principal and interest will be repaid in full based on the credit support that the LOC provides. The 'A-1' short-term component of the rating reflects our opinion of the likelihood that the bonds' purchase price will be paid on any optional or mandatory tender date based on the liquidity support that the

  
Brief Excerpt:

RESEARCH New Issue: Louisiana Public Facilities Authority $40.5 million revenue bonds series 2008 (for the C-Port LLC project) due Oct. 1, 2028 Publication date: 06-Jan-2010 Primary Credit Analyst: Erin McCutcheon, New York (1) 212-438-3341;...

  
Report Type:

Full Report

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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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "New Issue: Louisiana Public Facilities Authority" Jan 06, 2010. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/New-Issue-Louisiana-Public-Facilities-Authority-767632>
  
APA:
S&P Global Ratings’ Credit Research. (). New Issue: Louisiana Public Facilities Authority Jan 06, 2010. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/New-Issue-Louisiana-Public-Facilities-Authority-767632>
  
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