Summary: Alameda Contra Costa Transit Dist, CA; Public Finance Structured, Letter of Credit - S&P Global Ratings’ Credit Research

Summary: Alameda Contra Costa Transit Dist, CA; Public Finance Structured, Letter of Credit

Summary: Alameda Contra Costa Transit Dist, CA; Public Finance Structured, Letter of Credit - S&P Global Ratings’ Credit Research
Summary: Alameda Contra Costa Transit Dist, CA; Public Finance Structured, Letter of Credit
Published Sep 04, 2003
Published Sep 04, 2003
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Abstract:

The 'A-1+' rating on the Alameda-Contra Costa Transit District 2003-04 Revenue Anticipation Notes is based on a direct pay LOC from BNP Paribas. The notes were issued on Aug. 27, 2003 and will mature on Aug. 19, 2004. Two business days prior to the maturity of the notes, the fiscal agent will draw on the LOC for principal and accrued interest on the notes, to be paid on Aug. 19, 2004. There are no optional or mandatory redemption events. The LOC covers 357 days of interest bases on a 360-day year.

  
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Summary

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MLA:
S&P Global Ratings’ Credit Research. "Summary: Alameda Contra Costa Transit Dist, CA; Public Finance Structured, Letter of Credit" Sep 04, 2003. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Alameda-Contra-Costa-Transit-Dist-CA-Public-Finance-Structured-Letter-of-Credit-331863>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Alameda Contra Costa Transit Dist, CA; Public Finance Structured, Letter of Credit Sep 04, 2003. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Alameda-Contra-Costa-Transit-Dist-CA-Public-Finance-Structured-Letter-of-Credit-331863>
  
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