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Summary: Philadelphia; Gas; Joint Criteria

Published Jul 28, 2017

7 pages (2899 words) — Published Jul 28, 2017

Price US$ 225.00 | Buy this Report Now

About This Report

Abstract:

S&P Global Ratings has assigned its 'A' rating to the City of Philadelphia's gas works revenue bonds, 15th series, issued under its 1998 ordinance. At the same time, S&P Global Ratings affirmed its rating on parity debt outstanding. The outlook is stable. S&P Global Ratings has also affirmed its rating on the following issues rated under our joint support criteria (low correlation): Its 'AA+/A-1+' ratings on the 1998 ordinance, 8th series D bonds, jointly supported by a letter of credit from Royal Bank of Canada; Its 'AA+/A-1+' ratings on the 1998 ordinance, 8th series B bonds, jointly supported by a letter of credit from Wells Fargo Bank N.A.; and Its 'AA/A-2' ratings on the 1998 ordinance, 8th series C bonds,

Brief Excerpt:

...S&P Global Ratings has assigned its 'A' rating to the City of Philadelphia's gas works revenue bonds, 15th series, issued under its 1998 ordinance. At the same time, S&P Global Ratings affirmed its rating on parity debt outstanding. The outlook is stable. S&P Global Ratings has also affirmed its rating on the following issues rated under our joint support criteria (low correlation):...

Report Type:

Summary

Issuer

Philadelphia

Sector

Global Issuers, Public Finance, Structured Finance

Country

United States

Region

United States

Format:

PDF

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Summary: Philadelphia; Gas; Joint Criteria" Jul 28, 2017. Alacra Store. May 11, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Philadelphia-Gas-Joint-Criteria-1891700>

APA:	S&P Global Ratings’ Credit Research. (). Summary: Philadelphia; Gas; Joint Criteria Jul 28, 2017. New York, NY: Alacra Store. Retrieved May 11, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Philadelphia-Gas-Joint-Criteria-1891700>

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