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Clayton County Development Authority Bonds Series 2000 (Anasteel & Supply Co. LLC) Rated 'A+/A-1' Sep 10
Standard & Poors, September 2010
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
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
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Clayton Cnty Dev Auth,Anasteel & Supply Company LLC