Summary: Louisiana Pub Fac Auth; Public Finance Structured, Letter of Credit - S&P Global Ratings’ Credit Research

Summary: Louisiana Pub Fac Auth; Public Finance Structured, Letter of Credit

Summary: Louisiana Pub Fac Auth; Public Finance Structured, Letter of Credit - S&P Global Ratings’ Credit Research
Summary: Louisiana Pub Fac Auth; Public Finance Structured, Letter of Credit
Published Apr 27, 2004
415 words — Published Apr 27, 2004
Price US$ 225.00  |  Buy this Report Now

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Abstract:

The rating on Louisiana Public Facilities Authority's variable-rate equipment and capital facility pooled loan program revenue bonds series 2001A bonds, based on letters of credit supplied by KBC Bank N.V. and Hibernia National Bank, New Orleans, has been lowered to 'A-/A-2' from 'AA/A-1' due to the KBC Bank N.V. letter of credit expiring. The rating is now based solely on the letter of credit provided by Hibernia National Bank, New Orleans. This letter of credit is scheduled to expire on Jan. 30, 2006. Complete ratings information is available to subscribers of RatingsDirect, Standard&Poor's Web-based credit analysis system, at www.ratingsdirect.com. All ratings affected by this rating action can be found on Standard&Poor's public Web site at www.standardandpoors.com;

  
Brief Excerpt:

RESEARCH Summary: Louisiana Pub Fac Auth; Public Finance Structured, Letter of Credit Publication date: 27-Apr-2004 Credit Profile DOWNGRADED To From $10.300 mil. Louisiana Pub Fac Auth var rate equip and capital fac pooled loan prog...

  
Report Type:

Summary

Ticker
LASFAC
Issuer
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
Format:
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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: Louisiana Pub Fac Auth; Public Finance Structured, Letter of Credit" Apr 27, 2004. Alacra Store. May 25, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Louisiana-Pub-Fac-Auth-Public-Finance-Structured-Letter-of-Credit-371380>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Louisiana Pub Fac Auth; Public Finance Structured, Letter of Credit Apr 27, 2004. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Louisiana-Pub-Fac-Auth-Public-Finance-Structured-Letter-of-Credit-371380>
  
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