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Summary: Louisiana Public Facilities Authority; Joint Criteria

Published Dec 23, 2008

447 words — Published Dec 23, 2008

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Abstract:

Standard&Poor's Ratings Services affirmed its 'AAA/A-1+' rating on Louisiana Public Facilities Authority's equipment and capital facilities pooled loan program adjustable-rate revenue bonds series 2002C due to the bank facility being extended to Nov. 13, 2011. The long-term and short-term components of the rating are based on the application of joint support criteria (assuming medium correlation) of a irrevocable front line letter of credit (LOC) provided by Hibernia National Bank (A-/A-2) and a confirming LOC provided by Branch Banking Trust Co. (AA-/A-1+).

Brief Excerpt:

RESEARCH Summary: Louisiana Public Facilities Authority; Joint Criteria Publication date: 23-Dec-2008 Primary Credit Analyst: Santos Souffront, New York (1) 212-438-2197; santos_souffront@standardandpoors.com Secondary Credit Analyst:...

Report Type:

Summary

Ticker

LASFAC

Issuer

Louisiana Public Facilities Authority

Sector

Global Issuers, Public Finance, Structured Finance

Country

United States

Region

United States

Format:

PDF

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MLA:	S&P Global Ratings’ Credit Research. "Summary: Louisiana Public Facilities Authority; Joint Criteria" Dec 23, 2008. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Louisiana-Public-Facilities-Authority-Joint-Criteria-692816>

APA:	S&P Global Ratings’ Credit Research. (). Summary: Louisiana Public Facilities Authority; Joint Criteria Dec 23, 2008. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Louisiana-Public-Facilities-Authority-Joint-Criteria-692816>

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