Summary: Philadelphia, PA; Pf Structured, Letter of Credit - S&P Global Ratings’ Credit Research

Summary: Philadelphia, PA; Pf Structured, Letter of Credit

Summary: Philadelphia, PA; Pf Structured, Letter of Credit - S&P Global Ratings’ Credit Research
Summary: Philadelphia, PA; Pf Structured, Letter of Credit
Published May 27, 1998
340 words — Published May 27, 1998
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

The rating on Philadelphia, Pa.'s commercial paper notes reflects a direct pay, irrevocable LOC provided by Canadian Imperial Bank of Commerce. The LOC covers the aggregate face amount of commercial paper and expires on June 15, 1999. The note resolution provides that the city may issue notes in an aggregate amount not to exceed $100 million. The proceeds of the series C notes will be used to finance materials and supplies acquired by Philadelphia Gas Works and various accounts receivable.

  
Brief Excerpt:

RESEARCH Summary: Philadelphia, PA; Pf Structured, Letter of Credit Publication date: 27-May-1998 Credit Profile $100 mil muni debt muni issue ser C due 1999 A-1+ Sale date: 20-MAY-98 $100.000 mil. Philadelphia gas works rev nts cp ser...

  
Report Type:

Summary

Issuer
Philadelphia
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
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Summary: Philadelphia, PA – 1998/06/16 – US$ 225.00

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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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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: Philadelphia, PA; Pf Structured, Letter of Credit" May 27, 1998. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Philadelphia-PA-Pf-Structured-Letter-of-Credit-71731>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Philadelphia, PA; Pf Structured, Letter of Credit May 27, 1998. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Philadelphia-PA-Pf-Structured-Letter-of-Credit-71731>
  
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