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'A' Rating Assigned To Big Bear Lake Improvement Agency, CA's Tax Allocation Bonds Jun 11
Standard & Poors, June 2011
Abstract
SAN FRANCISCO (Standard & Poor's) June 15, 2011-- Standard & Poor's Ratings Services assigned its 'A' long-term rating to Big Bear Lake Financing Authority , Calif.'s series 2011A (Big Bear Lake Improvement Project) tax allocation bonds (TABs), issued on behalf of the Big Bear Lake Improvement Agency. The outlook is stable. 'The rating reflects our view of the agency's low volatility ratio, adequate additional bonds test, and growing assessed valuation,' said Standard & Poor's credit analyst Kathleen Parmer. We understand bond proceeds will be used to finance redevelopment projects throughout the improvement area. The project area comprises 840 acres within the City of Big Bear Lake, a resort destination about 100 miles east of Los Angeles. RELATED CRITERIA AND RESEARCH...
Companies mentioned in this report are: Big Bear Lake Imp Agy,Big Bear Lake
Action: New Rating
Action: Outlook: Stable
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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