Summary: Hazelwood Industrial Development Authority, Missouri   Hazelwood; Appropriations - S&P Global Ratings’ Credit Research

Summary: Hazelwood Industrial Development Authority, Missouri Hazelwood; Appropriations

Summary: Hazelwood Industrial Development Authority, Missouri   Hazelwood; Appropriations - S&P Global Ratings’ Credit Research
Summary: Hazelwood Industrial Development Authority, Missouri Hazelwood; Appropriations
Published Sep 28, 2015
Published Sep 28, 2015
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Abstract:

Standard&Poor's Ratings Services has placed its 'AA-' long-term rating on Hazelwood Industrial Development Authority, Mo.'s series 2007 annual appropriation capital projects bonds on CreditWatch with negative implications. The CreditWatch placement reflects the possibility of a multiple-notch downgrade pending further clarity on the security and structure of the bonds as it relates to the application of our appropriation criteria. The 2007 bonds were issued to finance the construction of a wildlife museum and aquarium within a Cabela's retail store. Through a financing agreement between the authority and the city of Hazelwood, the city has agreed to annually appropriate from any legally available revenue an amount sufficient to pay debt service on the bonds. USPF Criteria: Assigning Issue Credit Ratings

  
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Summary

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Global Issuers, Public Finance
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Region
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Hazelwood Industrial Development Authority, Missouri Hazelwood; Appropriations" Sep 28, 2015. Alacra Store. Apr 21, 2024. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Hazelwood-Industrial-Development-Authority-Missouri-Hazelwood-Appropriations-1455776>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Hazelwood Industrial Development Authority, Missouri Hazelwood; Appropriations Sep 28, 2015. New York, NY: Alacra Store. Retrieved Apr 21, 2024 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Hazelwood-Industrial-Development-Authority-Missouri-Hazelwood-Appropriations-1455776>
  
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