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Public Finance Authority's $6.005 Million Bonds Series 2015-A Assigned 'AA+/A-1+' Rating

Published Nov 19, 2015

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Abstract:

NEW YORK (Standard&Poor's) Nov. 19, 2015--Standard&Poor's Ratings Services today 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). In view of the bond structure, changes to our rating on the bonds can result from, among other things, changes to our ratings on the LOC providers or amendments to the transaction's terms. We will maintain a rating

Report Type:

Ratings Action

Issuer

Public Finance Authority

Sector

Global Issuers, Public Finance, Structured Finance

Country

United States

Region

United States

Format:

PDF

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MLA:	S&P Global Ratings’ Credit Research. "Public Finance Authority's $6.005 Million Bonds Series 2015-A Assigned 'AA+/A-1+' Rating" Nov 19, 2015. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Public-Finance-Authority-s-6-005-Million-Bonds-Series-2015-A-Assigned-AA-A-1-Rating-1484555>

APA:	S&P Global Ratings’ Credit Research. (). Public Finance Authority's $6.005 Million Bonds Series 2015-A Assigned 'AA+/A-1+' Rating Nov 19, 2015. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Public-Finance-Authority-s-6-005-Million-Bonds-Series-2015-A-Assigned-AA-A-1-Rating-1484555>

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