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Summary: Arkansas Development Finance Authority; State Revolving Funds/Pools May 11 Product Image

Summary: Arkansas Development Finance Authority; State Revolving Funds/Pools May 11

  • Published: May 2011
  • Region: Arkansas
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'A' long-term rating to Arkansas Development Finance Authority's (ADFA) series 2011A economic development revenue and refunding bonds and series 2001B economic development revenue bonds. The outlook is stable. The bonds are secured by revenues derived from loan agreements between the ADFA and (1) Arez, LLC, (2) J.C. Inc. of Hot Springs, (3) Madison Industrial Development, LLC., and (4) Sage V Foods, LLC. More importantly, the payment of principal and interest on the bonds is guaranteed by either the authority pursuant to the ADFA guaranty program, or by the Arkansas Economic Development Corporation (AEDC) pursuant to the AEDC guaranty program. We understand that bond proceeds will be loaned to the borrowers, who will use...

Companies mentioned in this report are:
- Arkansas Dev Fin Auth

Action: Affirmed
Action: New Rating

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 READ MORE >

- Arkansas Dev Fin Auth

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