S&PCORRECT:Los Angeles Wastewater System, CA, SPUR Withdrawn At Obligor's Request - S&P Global Ratings’ Credit Research

S&PCORRECT:Los Angeles Wastewater System, CA, SPUR Withdrawn At Obligor's Request

S&PCORRECT:Los Angeles Wastewater System, CA, SPUR Withdrawn At Obligor's Request - S&P Global Ratings’ Credit Research
S&PCORRECT:Los Angeles Wastewater System, CA, SPUR Withdrawn At Obligor's Request
Published Nov 03, 2009
Published Nov 03, 2009
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

SAN FRANCISCO (Standard&Poor's) Nov. 2, 2009--Standard&Poor's Ratings Services withdrew its underlying rating on the Los Angeles Wastewater System, Calif., because the obligor did not want a rating based on the application of our joint-support criteria. Previously, according to our criteria, obligors had the option of requesting an underlying rating (SPUR) when a bond rating reflected the rating of a letter of credit (LOC). However, based on current criteria, we provide SPURs in the LOC context only when the bond rating is based on application of our joint-support criteria. (For more information, see "S&P Addresses Application Of SPURs On LOC-Backed Bond Issues," published Oct. 13, 2008, on RatingsDirect, and "Joint-Support Criteria Update," published April 22, 2009, on

  
Report Type:

Ratings Action

Issuer
Los Angeles City Wastewater System
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

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 "S&PCORRECT:Los Angeles Wastewater System, CA, SPUR Withdrawn At Obligor's Request" Nov 03, 2009. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/S-PCORRECT-Los-Angeles-Wastewater-System-CA-SPUR-Withdrawn-At-Obligor-s-Request-754984>
  
APA:
S&P Global Ratings’ Credit Research. (). S&PCORRECT:Los Angeles Wastewater System, CA, SPUR Withdrawn At Obligor's Request Nov 03, 2009. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/S-PCORRECT-Los-Angeles-Wastewater-System-CA-SPUR-Withdrawn-At-Obligor-s-Request-754984>
  
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.