S&P Corrects Goshen, IN Series 2007 Bond Rating To 'A/A-1' - S&P Global Ratings’ Credit Research

S&P Corrects Goshen, IN Series 2007 Bond Rating To 'A/A-1'

S&P Corrects Goshen, IN Series 2007 Bond Rating To 'A/A-1' - S&P Global Ratings’ Credit Research
S&P Corrects Goshen, IN Series 2007 Bond Rating To 'A/A-1'
Published Jul 31, 2009
Published Jul 31, 2009
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (Standard&Poor's) July 31, 2009--Standard&Poor's Ratings Services corrected and lowered its long-term rating on Goshen, Ind.'s economic development revenue bonds series 2007 (LMA-HUF Development LLC) to 'A/A-1' from 'AAA/A-1'. The rating on the bonds is based on a confirming letter of credit provided by Comerica Bank (A/A-1). Due to an administrative error, we incorrectly assigned a 'AAA/A-1' rating on the bonds on April 22, 2009 (see " Various Rating Actions Taken On More Than 300 LOC-Backed Issues After Joint-Support Criteria Updated", RatingsDirect, April 22, 2009). RELATED RESEARCH Criteria: Methodology And Assumptions: Approach To Evaluating Letter Of Credit-Supported Debt, July 6, 2009

  
Report Type:

Ratings Action

Issuer
Goshen
Sector
Public Finance
Country
United States
Region
United States
Format:
HTML HTML
Buy Now

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.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "S&P Corrects Goshen, IN Series 2007 Bond Rating To 'A/A-1'" Jul 31, 2009. Alacra Store. Apr 26, 2024. <http://www.alacrastore.com/s-and-p-credit-research/S-P-Corrects-Goshen-IN-Series-2007-Bond-Rating-To-A-A-1-737224>
  
APA:
S&P Global Ratings’ Credit Research. (). S&P Corrects Goshen, IN Series 2007 Bond Rating To 'A/A-1' Jul 31, 2009. New York, NY: Alacra Store. Retrieved Apr 26, 2024 from <http://www.alacrastore.com/s-and-p-credit-research/S-P-Corrects-Goshen-IN-Series-2007-Bond-Rating-To-A-A-1-737224>
  
US$ 150.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.