Summary: Wachovia MERLOTS Series 2001A39 Rating Lowered To 'AA+ (sf)/A-1+ (sf)'; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: Wachovia MERLOTS Series 2001A39 Rating Lowered To 'AA+ (sf)/A-1+ (sf)'; Tender Option Certificates/Bonds

Summary: Wachovia MERLOTS Series 2001A39 Rating Lowered To 'AA+ (sf)/A-1+ (sf)'; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: Wachovia MERLOTS Series 2001A39 Rating Lowered To 'AA+ (sf)/A-1+ (sf)'; Tender Option Certificates/Bonds
Published Aug 30, 2011
971 words — Published Aug 30, 2011
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Standard&Poor's Ratings Services lowered its rating on Wachovia MERLOTS' municipal exempt receipts liquidity optional tender series 2001A39, relating to North Carolina Medical Care Commission's healthcare facility revenue bonds (GNMA Collateralized - Providence Place Retirement Community Nursing Home Project) series 2001A to 'AA+ (sf)/A-1+ (sf)' from 'AAA (sf)/A-1+ (sf)', and removed it from CreditWatch with negative implications. This action follows Standard&Poor's Aug. 8, 2011 downgrade and removal of its rating on the underlying bonds from CreditWatch with negative implications. The long-term component of the rating is based on the rating on the underlying bonds (CUSIP #: 657902XA5). The short-term component of the rating is based on the liquidity facility provided by Wells Fargo Bank N.A. USPF Criteria:

  
Brief Excerpt:

RESEARCH Summary: Wachovia MERLOTS Series 2001A39 Rating Lowered To '##+ (sf)/A-1+ (sf)'; Tender Option Certificates/Bonds Publication date: 30-Aug-2011 Primary Credit Analyst: Santos Souffront, New York (1) 212-438-2197; santos_souffront@standardandpoo...

  
Report Type:

Summary

Issuer
North Carolina Med Care Comm
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Wachovia MERLOTS Series 2001A39 Rating Lowered To 'AA+ (sf)/A-1+ (sf)'; Tender Option Certificates/Bonds" Aug 30, 2011. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Wachovia-MERLOTS-Series-2001A39-Rating-Lowered-To-AA-sf-A-1-sf-Tender-Option-Certificates-Bonds-888328>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Wachovia MERLOTS Series 2001A39 Rating Lowered To 'AA+ (sf)/A-1+ (sf)'; Tender Option Certificates/Bonds Aug 30, 2011. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Wachovia-MERLOTS-Series-2001A39-Rating-Lowered-To-AA-sf-A-1-sf-Tender-Option-Certificates-Bonds-888328>
  
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