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Arkansas Development Finance Authority's Industrial Dev Revenue Bonds Rated 'A';Outlook Stable Jul 01
Standard & Poors, July 2001
Abstract
DALLAS (Standard & Poor's CreditWire) July 12, 2001--Standard & Poor's today assigned its single-'A' rating to Arkansas Development Finance Authority's (ADFA) $1.070 million industrial development revenue bonds (Riverside Furniture Corporate project) series 2001A dated July 1, 2001, due July 1, 2011; and $1.865 million industrial development revenue bonds (Riverside Furniture Corporate project) series 2001B dated July 1, 2001, due July 1, 2011. In addition, Standard & Poor's affirmed its single-'A' rating on ADFA's outstanding industrial development revenue bonds and economic development revenue bonds. At the same time, Standard & Poor's affirmed its single-'A' Standard & Poor's underlying rating (SPUR) on ADFA's outstanding economic development revenue bonds. The outlook is stable. The series 2001A bonds are guaranteed by ADFA's guarantee program...
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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