Home Credit Ratings and Research S&P Global Ratings’ Credit Research Tacoma

Summary: Tacoma, WA; Public Finance Structured, Letter of Credit

Published Jul 09, 2002

About This Report

Abstract:

The 'A-1+' rating on Tacoma, Wash.'s revenue anticipation notes series 2002A and 2002B is based on a direct pay LOC provided by Bank of America N.A. ('A-1+' short-term rating). The LOC expires on June 30, 2005 and purchases all notes upon maturity. Notes have terms no longer than 270 days and are not subject to redemption prior to maturity. Proceeds of the issue will be used to fund the construction of a new convention center and the construction, acquisition, and renovation of parking facilities in downtown Tacoma.

Report Type:

Summary

Issuer

Tacoma

Sector

Global Issuers, Public Finance

Country

United States

Region

United States

Format:

HTML

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More from S&P Global Ratings’ Credit Research

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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MLA:	S&P Global Ratings’ Credit Research. "Summary: Tacoma, WA; Public Finance Structured, Letter of Credit" Jul 09, 2002. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Tacoma-WA-Public-Finance-Structured-Letter-of-Credit-254058>

APA:	S&P Global Ratings’ Credit Research. (). Summary: Tacoma, WA; Public Finance Structured, Letter of Credit Jul 09, 2002. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Tacoma-WA-Public-Finance-Structured-Letter-of-Credit-254058>

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