Summary: Philadelphia Auth for Indl Dev, PA; Public Finance Structured, Letter of Credit - S&P Global Ratings’ Credit Research

Summary: Philadelphia Auth for Indl Dev, PA; Public Finance Structured, Letter of Credit

Summary: Philadelphia Auth for Indl Dev, PA; Public Finance Structured, Letter of Credit - S&P Global Ratings’ Credit Research
Summary: Philadelphia Auth for Indl Dev, PA; Public Finance Structured, Letter of Credit
Published Apr 06, 2001
Published Apr 06, 2001
Price US$ 225.00  |  Buy this Report Now

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Abstract:

The rating on Philadelphia Authority for Industrial Development, Pa.'s notes is based on a direct-pay LOC from Dexia Public Finance Bank. The LOC, which expires on Oct. 9, 2001, provides coverage for principal and interest payments. Note proceeds will be used to renovate Philadelphia's Veterans Stadium, acquire land, and make some site improvements on land adjacent thereto.

  
Report Type:

Summary

Issuer
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
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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: Philadelphia Auth for Indl Dev, PA; Public Finance Structured, Letter of Credit" Apr 06, 2001. Alacra Store. May 07, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Philadelphia-Auth-for-Indl-Dev-PA-Public-Finance-Structured-Letter-of-Credit-189324>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Philadelphia Auth for Indl Dev, PA; Public Finance Structured, Letter of Credit Apr 06, 2001. New York, NY: Alacra Store. Retrieved May 07, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Philadelphia-Auth-for-Indl-Dev-PA-Public-Finance-Structured-Letter-of-Credit-189324>
  
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