Home Credit Ratings and Research S&P Global Ratings’ Credit Research Los Angeles Harbor Dept

Summary: Los Angeles Harbor Dept, CA; Transportation, Ports/Port Authorities

Published Jun 21, 2002

332 words — Published Jun 21, 2002

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Abstract:

The rating on Los Angeles Harbor Department's bonds series 1998 reflects a deposit of U. S. Government and agency obligations held in escrow until Aug. 3, 2018, a revised verification report, and a float agreement. On June 12, 2002, an escrow reinvestment agreement was entered into with Bank of America N.A., where Bank of America was given the right to substitute the escrow investments as they matured. On Oct. 1, 2018 the Bank of America float agreement will expire. The bonds were economically defeased on July 7, 1993.

Brief Excerpt:

RESEARCH Summary: Los Angeles Harbor Dept, CA; Transportation, Ports/Port Authorities Publication date: 21-Jun-2002 Credit Profile AFFIRMED $131.960 mil. LOS ANGELES HARBOR DEPT SER 88 ### Rationale The rating on Los Angeles Harbor Department's...

Report Type:

Summary

Issuer

Los Angeles Harbor Dept

Sector

Public Finance

Format:

HTML

Rating Outlook on Los Angeles Harbor Department, CA's Outstanding Debt Revised To Stable – 2004/08/24 – US$ 150.00

Los Angeles Harbor Department, California Los Angeles; Transportation, CP; Transportation, Ports/Port Authorities – 2004/08/24 – US$ 500.00

Summary: Los Angeles Harbor Dept, CA; Transportation, Ports/Port Authorities – 2004/08/24 – US$ 225.00

Ratings Affirmed On German Landesbank LOC-Backed Public Finance Transactions – 2005/07/18 – US$ 150.00

Port of Los Angeles, CA's Rfd Rev Bnds Assigned 'AA' Rating On Strong Business Position – 2005/09/12 – US$ 150.00

Summary: Los Angeles Harbor Dept, CA; Transportation, CP – 2001/10/30 – US$ 225.00

Los Angeles Harbor Dept, CA's CP Notes Rated 'A-1+' – 2001/10/29 – US$ 150.00

Los Angeles Harbor Dept, California; Transportation, CP – 2001/10/29 – US$ 500.00

Los Angeles Harbor Department, California; Transportation, Ports/Port Authorities – 2001/08/09 – US$ 500.00

Summary: Los Angeles Harbor Dept, CA; Transportation, Ports/Port Authorities – 2001/08/09 – US$ 225.00

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MLA:	S&P Global Ratings’ Credit Research. "Summary: Los Angeles Harbor Dept, CA; Transportation, Ports/Port Authorities" Jun 21, 2002. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Los-Angeles-Harbor-Dept-CA-Transportation-Ports-Port-Authorities-252691>

APA:	S&P Global Ratings’ Credit Research. (). Summary: Los Angeles Harbor Dept, CA; Transportation, Ports/Port Authorities Jun 21, 2002. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Los-Angeles-Harbor-Dept-CA-Transportation-Ports-Port-Authorities-252691>

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