Research And Markets Research And Markets

Summary: Maine Municipal Bond Bank; State Revolving Funds/Pools Apr 08

  • ID: 1930088
  • April 2008
  • Region: Maine
  • Standard & Poors
1 of 3

Standard & Poor's Ratings Services assigned its 'AAA' rating, and stable outlook, to Maine Municipal Bond Bank's series 2008A and 2008B bonds. At the same time, Standard & Poor's affirmed its 'AAA' standard long-term rating and underlying rating (SPUR), with a stable outlook, on the bank's preexisting debt. The ratings reflect: The loan repayment stream's underlying credit profile and a default tolerance that meets Standard & Poor's state revolving fund criteria for 'AAA'-rated programs; Very strong structural features, including two pledged reserve funds and, in the event of nonpayment by a borrower, a state aid intercept; as well as access to a third reserve fund which, when blended with pledged reserves, is estimated to have totaled more than $157 million...

Companies mentioned in this report are:
- Maine Mun Bnd Bank

Action: Affirmed
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 READ MORE >

Note: Product cover images may vary from those shown
2 of 3

- Maine Mun Bnd Bank

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown