Summary: Atlanta, GA; Public Finance Structured, Letter of Credit - S&P Global Ratings’ Credit Research

Summary: Atlanta, GA; Public Finance Structured, Letter of Credit

Summary: Atlanta, GA; Public Finance Structured, Letter of Credit - S&P Global Ratings’ Credit Research
Summary: Atlanta, GA; Public Finance Structured, Letter of Credit
Published Nov 02, 2005
Published Nov 02, 2005
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Abstract:

The 'AA-/A-1+' rating on Atlanta, Ga.'s tax allocation variable-rate bonds (Westside Project) series 2005A and 2005B bonds is based on a direct-pay LOC provided by Wachovia Bank N.A. ('AA-/A-1+'). The initial LOC will provide for principal of and interest on the bonds, including for unremarketed tendered bonds. The initial LOC is covering for a maximum of 45 days' interest. The initial LOC will provide coverage for the bonds bearing interest in the weekly mode. The scheduled expiration date of the initial LOC is Dec. 7, 2005. The bonds can also bear interest in the short-term period (quarterly, semiannual, long-term, and commercial paper modes). While bearing interest in the weekly, monthly, quarterly, and semiannual modes, bondholders may optionally tender their bonds

  
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Summary

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Sector
Global Issuers, Public Finance
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Region
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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.

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MLA:
S&P Global Ratings’ Credit Research. "Summary: Atlanta, GA; Public Finance Structured, Letter of Credit" Nov 02, 2005. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Atlanta-GA-Public-Finance-Structured-Letter-of-Credit-472453>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Atlanta, GA; Public Finance Structured, Letter of Credit Nov 02, 2005. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Atlanta-GA-Public-Finance-Structured-Letter-of-Credit-472453>
  
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