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Summary: Philadelphia; Letter of Credit

Published Dec 18, 2014

3 pages (884 words) — Published Dec 18, 2014

Price US$ 225.00 | Buy this Report Now

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Abstract:

Standard&Poor's Ratings Services confirmed its 'A+/A-1' rating on Philadelphia's fifth series A-2 gas works bonds, due to the bank facility being extended to Dec. 31, 2015. The long-term and short-term components of the rating are based on the rating on the letter of credit provider, JPMorgan Chase Bank N.A. Criteria: Methodology And Assumptions: Approach To Evaluating Letter Of Credit-Supported Debt, July 6, 2009

Brief Excerpt:

...Standard & Poor's Ratings Services confirmed its 'A+/A-1' rating on Philadelphia's fifth series A-2 gas works bonds, due to the bank facility being extended to Dec. 31, 2015. The long-term and short-term components of the rating are based on the rating on the letter of credit provider, JPMorgan Chase Bank N.A....

Report Type:

Summary

Issuer

Philadelphia

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: Philadelphia; Letter of Credit" Dec 18, 2014. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Philadelphia-Letter-of-Credit-1376125>

APA:	S&P Global Ratings’ Credit Research. (). Summary: Philadelphia; Letter of Credit Dec 18, 2014. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Philadelphia-Letter-of-Credit-1376125>

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