S&P Corrects Philadelphia, PA's Fifth Series A-2 Bonds Rating To 'AA-/A-1+' - S&P Global Ratings’ Credit Research

S&P Corrects Philadelphia, PA's Fifth Series A-2 Bonds Rating To 'AA-/A-1+'

S&P Corrects Philadelphia, PA's Fifth Series A-2 Bonds Rating To 'AA-/A-1+' - S&P Global Ratings’ Credit Research
S&P Corrects Philadelphia, PA's Fifth Series A-2 Bonds Rating To 'AA-/A-1+'
Published Jun 10, 2010
891 words — Published Jun 10, 2010
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Abstract:

NEW YORK (Standard&Poor's) June 10, 2010--Standard&Poor's Ratings Services corrected by raising its rating on Philadelphia, Pa.'s gas works bonds fifth series A-2 to 'AA-/A-1+' from 'A+/A-1'. The long-term and short-term components of the rating are based severally on a direct-pay letter of credit provided by JPMorgan Chase Bank N.A. (AA-/A-1+) and Bank of Nova Scotia (AA-/A-1+). On Feb. 19, 2009, due to an error, we lowered the ratings on the fifth series A-2 bonds to 'A+/A-1' from 'AA-/A-1+'.

  
Brief Excerpt:

RESEARCH S&P Corrects Philadelphia, PA's Fifth Series A-2 Bonds Rating To '##-/A-1+' Publication date: 10-Jun-2010 Primary Credit Analyst: Louis F Louis, New York (1) 212-438-2054; louis_louis@standardandpoors.com Secondary Credit...

  
Report Type:

Ratings Action

Issuer
Philadelphia
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "S&P Corrects Philadelphia, PA's Fifth Series A-2 Bonds Rating To 'AA-/A-1+'" Jun 10, 2010. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/S-P-Corrects-Philadelphia-PA-s-Fifth-Series-A-2-Bonds-Rating-To-AA-A-1-803671>
  
APA:
S&P Global Ratings’ Credit Research. (). S&P Corrects Philadelphia, PA's Fifth Series A-2 Bonds Rating To 'AA-/A-1+' Jun 10, 2010. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/S-P-Corrects-Philadelphia-PA-s-Fifth-Series-A-2-Bonds-Rating-To-AA-A-1-803671>
  
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