S&P Corrects Louisiana Community Development Authority 2006 Bonds (Hollybrook) Rating By Reinstating It To 'AA-/A-1+'

NEW YORK (Standard&Poor's) Feb. 28, 2012--Standard&Poor's Ratings Services today corrected its rating on Louisiana Community Development Authority's revenue bonds series 2006 (for the Hollybrook Enterprises LLC project) due Nov. 1, 2026, by reinstating the rating to 'AA-/A-1+'. Our rating on the series 2006 bonds reflects the credit and liquidity support that First South Farm Credit ACA (not rated) and Wells Fargo Bank N.A. ('AA-/A-1+') provide in the form of fronting and confirming letters of credit, respectively. The 'AA-' long-term component of our rating is based on the higher of our long-term issuer credit ratings on First South Farm Credit ACA and Wells Fargo Bank N.A. and addresses full and timely payments of interest and principal when

...NEW YORK (Standard & Poor's) Feb. 28, 2012--Standard & Poor's Ratings Services today corrected its rating on Louisiana Community Development Authority's revenue bonds series 2006 (for the Hollybrook Enterprises LLC project) due Nov. 1, 2026, by reinstating the rating to '##-/A-1+'. Our rating on the series 2006 bonds reflects the credit and liquidity support that First South Farm Credit ACA (not rated) and Wells Fargo Bank N.A. ('##-/A-1+') provide in the form of fronting and confirming letters of credit, respectively. The '##-' long-term component of our rating is based on the higher of our long-term issuer credit ratings on First South Farm Credit ACA and Wells Fargo Bank N.A. and addresses full and timely payments of interest and principal when the bondholders have not exercised the put option. The 'A-1+' short-term component of our rating is based on the higher of our short-term issuer credit ratings on First South Farm Credit ACA and Wells Fargo Bank N.A. and addresses full and timely...

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