Summary: Bank Of America LOC-Backed Issue On CreditWatch Positive; Multifamily FHA Insurance Nov 06
- ID: 1791464
- November 2006
- Region: America, United States
- Standard & Poors
Standard & Poor's Ratings Services placed its 'AA-' rating on one bond issue on CreditWatch with positive implications, reflecting the similar placement of Bank of America Corp. on CreditWatch with positive implications. Bank of America Corp. provides credit support for this issue in the form of a letter of credit....
Companies mentioned in this report are:
- New York State Dorm Auth
- Bank of America Corp.
Action: On CreditWatch:Positive
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.