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Summary: Allegheny County Higher Education Building Authority, Pennsylvania Carnegie Mellon University; Private Coll/Univ - General Obligation Jul 09
Standard & Poors, July 2009
Standard & Poor's Ratings Services affirmed its 'AA-/A-1+' rating on Allegheny County Higher Education Building Authority, Pa.'s bonds (Carnegie Mellon University) series 1998. The long-term portion of the rating is based on the rating on obligor Carnegie Mellon University. The short-term component of the rating is based on a liquidity facility provided by Landesbank Hessen-Thueringen Girozentrale (AA/A-1+) that expires on Dec. 31, 2015. Standard & Poor's considers the liquidity facility to be a grandfathered obligation and therefore the short-term portion of the rating benefits from the guaranteed rating on Landesbank. The stable outlook is based on the outlook on the obligor. USPF Criteria: "Bank Liquidity Facilities," June 22, 2007...
Companies mentioned in this report are: Carnegie Mellon Univ,Allegheny Cnty Hgr Ed Bldg Auth,Landesbank Hessen-Thueringen Girozentrale
Action: Outlook: Stable
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Carnegie Mellon Univ,Allegheny Cnty Hgr Ed Bldg Auth,Landesbank Hessen-Thueringen Girozentrale