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Arkansas Development Finance Authority Revenue Bonds Rated 'A' Nov 00
Standard & Poors, Nov 2000
Abstract
DALLAS (Standard & Poor's CreditWire) Nov. 22, 2000--Standard & Poor's today assigned its single-'A' rating to Arkansas Development Finance Authority's (ADFA) economic development revenue bonds, series 2000B ($5.03 million), series 2000C ($150,000), and series 2000D ($420,000), scheduled to sell Dec. 5, 2000. In addition, Standard & Poor's affirmed its single-'A' rating and single-'A' underlying rating (SPUR) on the authority's outstanding economic development revenue bonds. The ADFA guaranty program bonds are secured by a pool of industrial loans and a dedicated reserve fund, which if diminished, will be replenished by bonds secured by state interest earnings. The rating is based on strengthened state interest earnings and guaranty reserve levels that provide sound coverage of outstanding loans. The rating also reflects the...
Companies mentioned in this report are: Arkansas Dev Fin 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.
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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