Clayton County Development Authority Bonds Series 2000 (Anasteel & Supply Co. LLC) Rated 'A+/A-1' Sep 10

Standard & Poors, September 2010

Abstract
NEW YORK (Standard & Poor's) Sept. 23, 2010--Standard & Poor's Ratings Services today assigned its 'A+/A-1' rating to the remarketed Clayton County Development Authority?s industrial development revenue bonds series 2000 (for the Anasteel & Supply Co. LLC project) due July 1, 2020. The long- and short-term components of our rating on the series 2000 bonds are based on the long- and short-term issuer credit ratings on Branch Banking & Trust Co. (BB&T; 'A+/A-1') and address the full and timely payment of the bonds' regularly scheduled interest, principal, and purchase price upon an optional or mandatory tender, according to the transaction's terms. BB&T provides credit and liquidity support for the bonds in the form of a letter of credit (LOC). Today's...

Companies mentioned in this report are: Clayton Cnty Dev Auth,Anasteel & Supply Company LLC
Action: New Rating

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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.

Clayton Cnty Dev Auth,Anasteel & Supply Company LLC

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