Summary: Southern California Public Power Authority, CA Series 2000A Bonds Rating Lowered To 'AA+/A-1'; Wholesale Electric - S&P Global Ratings’ Credit Research

Summary: Southern California Public Power Authority, CA Series 2000A Bonds Rating Lowered To 'AA+/A-1'; Wholesale Electric

Summary: Southern California Public Power Authority, CA Series 2000A Bonds Rating Lowered To 'AA+/A-1'; Wholesale Electric - S&P Global Ratings’ Credit Research
Summary: Southern California Public Power Authority, CA Series 2000A Bonds Rating Lowered To 'AA+/A-1'; Wholesale Electric
Published Sep 15, 2011
Published Sep 15, 2011
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Standard&Poor's Ratings Services lowered its rating on Southern California Public Power Authority's transmission project revenue subordinate refunding bonds series 2000A to 'AA+/A-1' from 'AA+/A-1+'. The long-term component of the rating is based on an insurance policy provided by Assured Guaranty Municipal Corp. (AA+/ Negative) and represents our opinion of the likelihood that the debt service will be repaid over the life of the issues. The short-term component of the rating represents our opinion of the likelihood of payment of tenders and reflects a standby bond purchase agreement (SBPA) provided by Bank of America, National Association. Effective Sept. 15, 2011, the SBPA will provide coverage for principal and 34 days of interest at the maximum rate of 12% for

  
Report Type:

Summary

Issuer
Southern California Pub Pwr Auth
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Southern California Public Power Authority, CA Series 2000A Bonds Rating Lowered To 'AA+/A-1'; Wholesale Electric" Sep 15, 2011. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Southern-California-Public-Power-Authority-CA-Series-2000A-Bonds-Rating-Lowered-To-AA-A-1-Wholesale-Electric-890901>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Southern California Public Power Authority, CA Series 2000A Bonds Rating Lowered To 'AA+/A-1'; Wholesale Electric Sep 15, 2011. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Southern-California-Public-Power-Authority-CA-Series-2000A-Bonds-Rating-Lowered-To-AA-A-1-Wholesale-Electric-890901>
  
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