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Summary: American National Red Cross, NY; Public Finance Structured, Letter of Credit Feb 05

Standard & Poors, February 2005

Abstract
The rating on District of Columbia's multimodal revenue bonds series 2000, issued on behalf of American National Red Cross, has been affirmed subsequent to the bank facility being extended to Feb. 3, 2006. The long-term and short-term components of the ratings are based on the credit quality of JP Morgan Chase Bank N.A....

Companies mentioned in this report are:
- American National Red Cross
- District of Columbia

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.

- American National Red Cross
- District of Columbia

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