Summary: Louisiana Public Facilities Authority; Letter of Credit - S&P Global Ratings’ Credit Research

Summary: Louisiana Public Facilities Authority; Letter of Credit

Summary: Louisiana Public Facilities Authority; Letter of Credit - S&P Global Ratings’ Credit Research
Summary: Louisiana Public Facilities Authority; Letter of Credit
Published Dec 07, 2009
931 words — Published Dec 07, 2009
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Abstract:

Standard&Poor's Ratings Services assigned its 'AAA/A-1+' rating to the Louisiana Public Facilities Authority's revenue bonds (Tiger Athletic Foundation Project) series 2004. The rating on the bonds is based on a substitute letter of credit (LOC) provided by Capital One N.A. (BBB+/A-2) and a confirming LOC provided by Federal Home Loan Bank of Atlanta (AAA/A-1+). The issue is not eligible for joint support since the confirming bank is a Federal Home Loan Bank. The LOC and confirming LOC have an effective date of Nov. 18, 2009, and shall provide for principle of and interest on the bonds bearing interest in the weekly rate mode. The substitute LOC and confirming LOC provide for a maximum of 45 days interest at

  
Brief Excerpt:

RESEARCH Summary: Louisiana Public Facilities Authority; Letter of Credit Publication date: 07-Dec-2009 Primary Credit Analyst: Beatriz Peguero, New York (1) 212-438-2164; beatriz_peguero@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 Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Louisiana Public Facilities Authority; Letter of Credit" Dec 07, 2009. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Louisiana-Public-Facilities-Authority-Letter-of-Credit-761521>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Louisiana Public Facilities Authority; Letter of Credit Dec 07, 2009. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Louisiana-Public-Facilities-Authority-Letter-of-Credit-761521>
  
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