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Summary: San Antonio, Texas; Letter of Credit

Published May 24, 2007

About This Report

Abstract:

The rating on San Antonio, Texas' sales tax revenue CP notes, series A, is based on a direct-pay LOC from Bank of America N.A. ('A-1+'). The LOC covers all debt service due upon maturity of the CP, with 270 days of interest coverage at the maximum rate of 10%. The LOC will expire on April 30, 2012, unless terminated earlier in accordance with its terms. The CP will finance the acquisition of property associated with the Edwards Aquifer in Bexar County.

Report Type:

Summary

Ticker

2870Z

Issuer

San Antonio

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: San Antonio, Texas; Letter of Credit" May 24, 2007. Alacra Store. May 19, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-San-Antonio-Texas-Letter-of-Credit-580389>

APA:	S&P Global Ratings’ Credit Research. (). Summary: San Antonio, Texas; Letter of Credit May 24, 2007. New York, NY: Alacra Store. Retrieved May 19, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-San-Antonio-Texas-Letter-of-Credit-580389>

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