Summary: Pennsylvania Economic Development Financing Authority; Letter of Credit Aug 11
Standard & Poors, August 2011
Abstract
Standard & Poor's Ratings Services affirmed its 'A+/A-1' rating on Pennsylvania Economic Development Financing Authority's revenue bonds series (North American Communications Inc.) 2005B-3, (Miquon School) 2005C-1, (Murus Co. Project) 2006A-1, and (PMF Industries Inc.) 2006C-2, due to their respective bank facilities being extended to Aug. 15, 2012. The long-term and short-term components of the rating are based on the rating on PNC Bank N.A., Pittsburgh, Pa. Criteria: Methodology And Assumptions: Approach To Evaluating Letter Of Credit-Supported Debt, July 6, 2009...
Companies mentioned in this report are:
- Murus Co Proj
- Pennsylvania Econ Dev Fing Auth
- Miquon Sch
- PMF Industries, Inc.
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.
- Murus Co Proj
- Pennsylvania Econ Dev Fing Auth
- Miquon Sch
- PMF Industries, Inc.
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