Summary: District of Columbia, DC; Public Finance Structured, Letter of Credit - S&P Global Ratings’ Credit Research

Summary: District of Columbia, DC; Public Finance Structured, Letter of Credit

Summary: District of Columbia, DC; Public Finance Structured, Letter of Credit - S&P Global Ratings’ Credit Research
Summary: District of Columbia, DC; Public Finance Structured, Letter of Credit
Published Oct 02, 2001
423 words — Published Oct 02, 2001
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Abstract:

The ratings assigned to District of Columbia's three sub-series general fund recovery bonds are upgraded for the following reasons: Sub-series 1991B-1 is being upgraded to 'AA/A-1+' from 'AA-/1+' following the substitution of the LOC provided by Societe Generale, with an LOC provided by Morgan Guaranty Trust Co. of New York; Sub-series 1991B-2 is being upgraded to 'AA/A-1+' from 'AA-/1+' following the substitution of the LOC provided by Bank of America, with an LOC provided by Morgan Guaranty Trust Co. of New York; and Sub-series 1991B-3 is upgraded to 'AA/A-1+' from 'AA-/1+' following substitution of the LOC provided by Bank of America, with an LOC provided by Morgan Guaranty Trust Co. of New York. The new LOCs will expire on June

  
Brief Excerpt:

RESEARCH Summary: District of Columbia, DC; Public Finance Structured, Letter of Credit Publication date: 02-Oct-2001 Credit Profile UPGRADED To From $23.700 mil. District of Columbia gen fd recov ser 91-B2 ##/A-1+ ##- $21.800 mil. District...

  
Report Type:

Summary

Issuer
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: District of Columbia, DC; Public Finance Structured, Letter of Credit" Oct 02, 2001. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-District-of-Columbia-DC-Public-Finance-Structured-Letter-of-Credit-211262>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: District of Columbia, DC; Public Finance Structured, Letter of Credit Oct 02, 2001. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-District-of-Columbia-DC-Public-Finance-Structured-Letter-of-Credit-211262>
  
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