Summary: Irvine, California; Letter of Credit - S&P Global Ratings’ Credit Research

Summary: Irvine, California; Letter of Credit

Summary: Irvine, California; Letter of Credit - S&P Global Ratings’ Credit Research
Summary: Irvine, California; Letter of Credit
Published Jul 25, 2012
921 words — Published Jul 25, 2012
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Abstract:

Standard&Poor's Ratings Services affirmed its 'AA-/A-1+' rating on Irvine, Calif.'s Assessment District variable-rate demand bonds series 97-16, 94-15, and 94-13, due to the bank facility being extended to Nov. 2, 2015. The long-term and short-term components of the rating are based on the rating on the letter of credit provider, State Street Bank and Trust Co., Boston, Mass. Criteria: Methodology And Assumptions: Approach To Evaluating Letter Of Credit-Supported Debt, July 6, 2009

  
Brief Excerpt:

RESEARCH Summary: Irvine, California; Letter of Credit Publication date: 25-Jul-2012 Primary Credit Analyst: Santos Souffront, New York (1) 212-438-2197; santos_souffront@standardandpoors.com Secondary Contact: Dare Branch, Chicago...

  
Report Type:

Summary

Issuer
Irvine
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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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: Irvine, California; Letter of Credit" Jul 25, 2012. Alacra Store. May 16, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Irvine-California-Letter-of-Credit-993129>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Irvine, California; Letter of Credit Jul 25, 2012. New York, NY: Alacra Store. Retrieved May 16, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Irvine-California-Letter-of-Credit-993129>
  
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