Power County Industrial Development Corp. 2001 (FMC Corp.) Bonds 'AAA/A-1+' Rating Affirmed - S&P Global Ratings’ Credit Research

Power County Industrial Development Corp. 2001 (FMC Corp.) Bonds 'AAA/A-1+' Rating Affirmed

Power County Industrial Development Corp. 2001 (FMC Corp.) Bonds 'AAA/A-1+' Rating Affirmed - S&P Global Ratings’ Credit Research
Power County Industrial Development Corp. 2001 (FMC Corp.) Bonds 'AAA/A-1+' Rating Affirmed
Published Jan 28, 2013
1109 words — Published Jan 28, 2013
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Abstract:

NEW YORK (Standard&Poor's) Jan. 28, 2013--Standard&Poor's Ratings Services today affirmed its 'AAA/A-1+' rating on Power County Industrial Development Corp.'s $20 million tax-exempt adjustable mode facilities revenue bonds Series 2001 (for the FMC Corp. project) due April 1, 2014. The long-term component of the rating is based on our long-term issuer credit ratings on--as well as the joint support provided by--Wells Fargo Bank N.A. (AA-), the letter-of-credit (LOC) provider, and FMC Corp. (A-), the obligor, assuming a low correlation between the two entities. The short-term component of the rating reflects only our short-term issuer credit rating on Wells Fargo Bank N.A. (A-1+) because we currently do not assign a short-term rating to FMC Corp. On Dec. 17,

  
Brief Excerpt:

RESEARCH Power County Industrial Development Corp. 2001 (FMC Corp.) Bonds '###/A-1+' Rating Affirmed Publication date: 28-Jan-2013 Primary Credit Analyst: Thomas G Dunn, New York (1) 212-438-1000; thomas_dunn@standardandpoors.com...

  
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Ratings Action

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Fertilizers & Agricultural Chemicals (15101030)
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Global Issuers
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MLA:
S&P Global Ratings’ Credit Research. "Power County Industrial Development Corp. 2001 (FMC Corp.) Bonds 'AAA/A-1+' Rating Affirmed" Jan 28, 2013. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Power-County-Industrial-Development-Corp-2001-FMC-Corp-Bonds-AAA-A-1-Rating-Affirmed-1067930>
  
APA:
S&P Global Ratings’ Credit Research. (). Power County Industrial Development Corp. 2001 (FMC Corp.) Bonds 'AAA/A-1+' Rating Affirmed Jan 28, 2013. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Power-County-Industrial-Development-Corp-2001-FMC-Corp-Bonds-AAA-A-1-Rating-Affirmed-1067930>
  
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