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Summary: Superior Metro Dist #1, CO; Public Finance Structured, Letter of Credit May 03 Product Image

Summary: Superior Metro Dist #1, CO; Public Finance Structured, Letter of Credit May 03

  • ID: 1827871
  • May 2003
  • Standard & Poors

FEATURED COMPANIES

  • Allied Irish Banks PLC
  • BNP Paribas
  • Key Bank U.S.A. N.A.
  • MORE

Abstract
The ratings on the Superior Metro District #1, Water and Sewer Adjustable Rate Revenue Refunding Bonds, Series 2000A, 2000B, and 2000C are affirmed subsequent to the bank facilities being extended to Jan. 31, 2006. The rating on the Series 2000A bonds reflect the credit quality of the letter of credit provider BNP Paribas, the Series 2000B bonds reflect the credit quality of the letter of credit provider Allied Irish Banks PLC, and the Series 2000C bonds reflect the credit quality of the letter of credit provider Key Bank U.S.A., N.A....

Companies mentioned in this report are:
- BNP Paribas
- Allied Irish Banks PLC
- Key Bank U.S.A. N.A.

Action: Affirmed

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.

- BNP Paribas
- Allied Irish Banks PLC
- Key Bank U.S.A. N.A.

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