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12 Bayerische Hypo-und Vereinsbank Liquidity-Backed Municipal Issues Downgraded Nov 99
Standard & Poors, Nov 1999
Abstract
NEW YORK (Standard & Poor's CreditWire) Nov. 19, 1999-- Standard & Poor's today lowered the short-term ratings on 12 Bayerische Hypo-und Vereinsbank AG liquidity-backed municipal issues. (See list below) This action follows the Oct. 27, 1999, downgrade of Bayerische Hypo-und Vereinsbank AG's short-term ratings to 'A-1' from 'A-1+', Standard & Poor's said. - CreditWire 12 BAYERISCHE HYPO-UND VEREINSBANK AG LIQUIDITY-BCKD MUNI ISSUES Issuer/Issue Amt(mil$) Rating To From Albuquerque, NM Airport subordinate-lien adjustable- tender refunding bonds series 1995 67.000 AAA/A-1 AAA/A-1+ Clark County, NV Airport system refunding revenue bonds series 1993A 339.000 AAA/A-1 AAA/A-1+ Minneapolis, MN Various purpose bonds (variable rate) series 1997B 24.000 AAA/A-1 AAA/A-1+ General obligation convention center bonds series 1999 88.400 AAA/A-1 AAA/A-1+ General obligation public works bonds...
Companies mentioned in this report are: UniCredit Bank AG
Action: Downgraded
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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