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Summary: Austin, Texas; Letter of Credit

Published Feb 28, 2011

About This Report

Abstract:

Standard&Poor's Ratings Services affirmed its 'A-1' short-term rating on Austin, Texas' combined utility system commercial paper notes series A following the bank facility being extended to Oct. 1, 2014. The rating is based on a direct-pay letter of credit issued on a several, but not joint, basis by JPMorgan Chase Bank N.A. (AA-/A-1+), Bank of America (A+/A-1), and State Street Bank and Trust Co. (AA-/A-1+). Criteria: Methodology And Assumptions: Approach To Evaluating Letter Of Credit-Supported Debt, July 6, 2009

Report Type:

Summary

Issuer

Austin

Sector

Global Issuers, Public Finance

Country

United States

Region

United States

Format:

PDF

Austin, TX, Airport System Revenue Bonds Upgraded To 'A' From 'A-' On Consistent Financial Performance – 2011/04/15 – US$ 150.00

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Austin, Texas; Airport – 2011/04/15 – US$ 500.00

Summary: Austin, TX's Series 2008 Bonds Rating Raised To 'A+/A-1'; Letter of Credit – 2011/05/09 – US$ 225.00

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Summary: Societe Generale Municipal Securities Trust Receipts? Series 2001 SGA 122 Rating Lowered To 'AA+/A-1'; Tender Option Certificates/Bonds – 2010/11/15 – US$ 225.00

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Summary: Austin, Texas; Water/Sewer – 2010/11/05 – US$ 225.00

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Austin, Texas; General Obligation – 2010/08/19 – US$ 500.00

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MLA:	S&P Global Ratings’ Credit Research. "Summary: Austin, Texas; Letter of Credit" Feb 28, 2011. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Austin-Texas-Letter-of-Credit-850944>

APA:	S&P Global Ratings’ Credit Research. (). Summary: Austin, Texas; Letter of Credit Feb 28, 2011. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Austin-Texas-Letter-of-Credit-850944>

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