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Transaction Update: County Of Carroll, Ky. ? Series 2008A Product Image

Transaction Update: County Of Carroll, Ky. ? Series 2008A

  • Standard & Poors

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Full Analysis

Abstract
On May 2, 2011, Standard & Poor's Ratings Services lowered its rating on County of Carroll, Ky.'s environmental facilities revenue bonds series 2008A (for the Kentucky Utilities Co. project) due Feb. 1, 2032, to 'AA+/A-1+' from 'AAA/A-1+' following the replacement of the irrevocable direct-pay letter of credit (LOC) that Wells Fargo Bank N.A. ('AA/A-1+') had provided with a new LOC from Sumitomo Mitsui Banking Corp. ('A+/A-1'). The 'AA+/A-1+' rating reflects our opinion of the joint credit and liquidity support that Sumitomo Mitsui Banking Corp. and Kentucky Utilities Co. READ MORE >

Carroll Cnty

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