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41 Wachovia Bank NA Credit Liquidity Fac-Bckd Muni Iss Downgraded and Removed from Watch Neg Product Image

41 Wachovia Bank NA Credit Liquidity Fac-Bckd Muni Iss Downgraded and Removed from Watch Neg

  • Published: September 2001
  • Standard & Poors

Abstract
NEW YORK (Standard & Poor's) Sept. 14, 2001-Standard & Poor's today lowered its ratings on 41 Wachovia Bank, N.A. credit liquidity facility-backed municipal issues and removed them from CreditWatch negative, where they were placed April 16, 2001 (see list below). This action follows the Sept. 4, 2001 downgrade of Wachovia Bank, N.A.'s ratings to single-'A'-plus/'A-1' from double-'A'-minus/'A-1'-plus and its subsequent removal from CreditWatch negative. Forty-One Wachovia Bank, N.A. Credit Liquidity Facility-Backed Municipal Issues Issuer/Issue Amt($mil) Rating To From Asheville, NC Taxable certificate of participation $14.00 A+/A-1 AA-/A-1+ Asheville Claims Corp., NC Certificate of participation series 1993A $10.00 A+/A-1 AA-/A-1+ Buncombe County, NC Variable-rate GO bonds series 1997 $12.00 AA/A-1 AA/A-1+ Carolina Medi-Plan Inc., NC Taxable variable-rate demand bonds series 1997...

Action: Downgraded

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