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Summary: Lake Elsinore Public Financing Authority, California Lake Elsinore Redevelopment Agency; Tax Increment Jun 11
Standard & Poors, June 2011
Standard & Poor's Ratings Services assigned its 'A' long-term rating to Lake Elsinore Public Financing Authority, Calif.'s series 2011A revenue bonds, issued for Lake Elsinore Redevelopment Agency 's Rancho Laguna Redevelopment Project Areas No.2 and No. 3. At the same time, Standard & Poor's affirmed its 'A' rating on Lake Elsinore Public Financing Authority's series 2010A, 2010B, and the 2011A bonds outstanding issued for the redevelopment agency's Project Area No. 1. Finally, Standard and Poor's affirmed its 'AA-' rating on the authority's series 2010C outstanding. The outlook on all ratings is stable. The ratings reflect our view of: Project areas No. 1, 2, and 3's large sizes of 1,910 acres, 4,859 acres, and 3,540 acres, respectively; The low volatility base-to-total...
Companies mentioned in this report are: Lake Elsinore Redev Agy,Lake Elsinore Pub Fincg Auth
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.
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.
Lake Elsinore Redev Agy,Lake Elsinore Pub Fincg Auth