Summary: Pennsylvania Hsg Fin Agy - S&P Global Ratings’ Credit Research

Summary: Pennsylvania Hsg Fin Agy

Summary: Pennsylvania Hsg Fin Agy - S&P Global Ratings’ Credit Research
Summary: Pennsylvania Hsg Fin Agy
Published Sep 05, 2002
353 words — Published Sep 05, 2002
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Abstract:

The Merrill Lynch Puttable FLOATs/RITES Trust puttable floating option tax-exempt receipts series PA-1055, relating to Pennsylvania Housing Finance Agency single-family mortgage revenue bonds series 2002-74B, is rated 'AA+/A-1+'. The long-term component of the rating is based on the underlying bond. The short-term component of the rating is based on a liquidity guarantee from Merrill Lynch&Co. Inc., and the expiration date of the liquidity facility is Aug. 15, 2003. The short-term component of the rating is on CreditWatch with negative implications because Merrill Lynch&Co. Inc. was placed on CreditWatch with negative implications on Aug. 15, 2002.

  
Brief Excerpt:

RESEARCH Summary: Pennsylvania Hsg Fin Agy Publication date: 05-Sep-2002 Credit Profile $7.5 mil muni debt muni issue ser PA-1055 due 2009 ##+/A-1+ Sale date: 29-AUG-2002 Rationale The Merrill Lynch Puttable FLOATs/RITES Trust puttable...

  
Report Type:

Summary

Issuer
Pennsylvania Hsg Fin Agy
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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S&P Global Ratings’ Credit Research. "Summary: Pennsylvania Hsg Fin Agy" Sep 05, 2002. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Pennsylvania-Hsg-Fin-Agy-263475>
  
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