New Issue: Public Finance Authority (Series 2015-A) - S&P Global Ratings’ Credit Research

New Issue: Public Finance Authority (Series 2015-A)

New Issue: Public Finance Authority (Series 2015-A) - S&P Global Ratings’ Credit Research
New Issue: Public Finance Authority (Series 2015-A)
Published Nov 19, 2015
Published Nov 19, 2015
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

On Nov. 19, 2015, Standard&Poor's Ratings Services assigned its 'AA+/A-1+' rating to Public Finance Authority's $6.005 million taxable revenue bonds series 2015-A (for the RAM Eufaula Hospitality LLC project) due Nov. 1, 2037. The rating reflects the higher of our ratings on Federal Home Loan Bank of Atlanta (FHLB Atlanta; AA+/A-1+), the confirming letter of credit (CLOC) provider, and USAmeriBank (not rated), the fronting LOC (FLOC) provider, during the weekly interest rate mode (the rated mode). The 'AA+' long-term component of our rating reflects the higher of our long-term issuer credit ratings on USAmeriBank and FHLB Atlanta and addresses full and timely interest and principal payments when the bondholders have not exercised the put option. The 'A-1+' short-term

  
Report Type:

Full Report

Issuer
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
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: Public Finance Authority (Series 2015-A)" Nov 19, 2015. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/New-Issue-Public-Finance-Authority-Series-2015-A-1484554>
  
APA:
S&P Global Ratings’ Credit Research. (). New Issue: Public Finance Authority (Series 2015-A) Nov 19, 2015. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/New-Issue-Public-Finance-Authority-Series-2015-A-1484554>
  
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