Rating On Iowa Finance Authority Bonds Series 2007 (For The Five Star Holdings LLC Project) Withdrawn - S&P Global Ratings’ Credit Research

Rating On Iowa Finance Authority Bonds Series 2007 (For The Five Star Holdings LLC Project) Withdrawn

Rating On Iowa Finance Authority Bonds Series 2007 (For The Five Star Holdings LLC Project) Withdrawn - S&P Global Ratings’ Credit Research
Rating On Iowa Finance Authority Bonds Series 2007 (For The Five Star Holdings LLC Project) Withdrawn
Published Sep 26, 2017
3 pages (1059 words) — Published Sep 26, 2017
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) Sept. 26, 2017--S&P Global Ratings today withdrew its 'A+/A-1' rating on Iowa Finance Authority's $5.3 million variable-rate demand solid waste disposal revenue bonds (for the Five Star Holdings LLC project) series 2007. The bonds are scheduled to mature on Sept. 1, 2036. The 'A+/A-1' rating on the bonds reflected the higher of our ratings on Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank Nederland) ('A+/A-1'), the confirming letter of credit provider, and Farm Credit Services of America (not rated), the fronting LOC provider. We withdrew our rating on this transaction at the issuer's request. RELATED CRITERIA General Criteria: Methodology And Assumptions For Analyzing Letter Of Credit-Supported Debt, Feb. 20, 2015 RELATED RESEARCH Global Structured Finance Scenario And Sensitivity

  
Brief Excerpt:

...NEW YORK (S&P Global Ratings) Sept. 26, 2017--S&P Global Ratings today withdrew its 'A+/A-1' rating on Iowa Finance Authority's $5.3 million variable-rate demand solid waste disposal revenue bonds (for the Five Star Holdings LLC project) series 2007. The bonds are scheduled to mature on Sept. 1, 2036. The 'A+/A-1' rating on the bonds reflected the higher of our ratings on Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank Nederland) ('A+/A-1'), the confirming letter of credit provider, and Farm Credit Services of America (not rated), the fronting LOC provider. We withdrew our rating on this transaction at the issuer's request. RELATED CRITERIA + General Criteria: Methodology And Assumptions For Analyzing Letter Of Credit-Supported Debt, Feb. 20, 2015 RELATED RESEARCH + Global Structured Finance Scenario And Sensitivity Analysis 2016: The Effects Of The Top Five Macroeconomic Factors, Dec. 16, 2016...

  
Report Type:

Ratings Action

Issuer
Iowa Finance Authority
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "Rating On Iowa Finance Authority Bonds Series 2007 (For The Five Star Holdings LLC Project) Withdrawn" Sep 26, 2017. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Rating-On-Iowa-Finance-Authority-Bonds-Series-2007-For-The-Five-Star-Holdings-LLC-Project-Withdrawn-1921182>
  
APA:
S&P Global Ratings’ Credit Research. (). Rating On Iowa Finance Authority Bonds Series 2007 (For The Five Star Holdings LLC Project) Withdrawn Sep 26, 2017. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Rating-On-Iowa-Finance-Authority-Bonds-Series-2007-For-The-Five-Star-Holdings-LLC-Project-Withdrawn-1921182>
  
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