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Arkansas Development Finance Authority Economic Dev Revenue Bond Rating Raised to 'A' Apr 99
Standard & Poors, April 1999
Abstract
NEW YORK (Standard & Poor's CreditWire) April 12, 1999--Standard & Poor's today assigned its single-'A' rating to Arkansas Development Finance Authority's (ADFA) $6.02 million economic development revenue bonds (ADFA Guaranty Program) series 1999A-E due April 1, 2000-2014. Standard & Poor's also assigned its single-'A' rating to the authority's $3.43 million economic development revenue bonds (Arkansas Department of Economic Development Guarantee) series 1999F-G due April 1, 2014. The bonds are scheduled to sell April 14, 1999. Standard & Poor's also raised its ratings on bonds issued for the Arkansas Development Finance Authority (see list below). The outlook was revised to stable from positive. The Arkansas Development Finance Authority guaranty program bonds are secured by a pool of industrial loans and a...
Companies mentioned in this report are: Arkansas Dev Fin Auth
Action: Various Rating Actions
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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