Summary: Ohio Water Development Authority; State Revolving Funds/Pools Oct 11
- ID: 1931989
- October 2011
- Region: Ohio
- Standard & Poors
Standard & Poor's Ratings Services has assigned its 'AAA' long-term rating to Ohio Water Development Authority's (OWDA) water pollution control loan fund (WPCLF) floating rate notes series 2011-12A and affirmed its 'AAA' long-term rating and underlying rating (SPUR) on the authority's existing drinking water assistance fund (DWAF) and WPCLF debt. The floating rate notes are being issued on a subordinate basis to OWDA's outstanding long-term WPCLF bonds, pursuant to a supplemental trust indenture. J.P. Morgan has agreed to purchase up to $400 million of floating rating notes until Dec. 30, 2012. All the notes issued under the note purchase agreement will mature on or about Sept. 30, 2014, and bear interest at Securities Industry and Financial Markets Association plus 50...
Companies mentioned in this report are:
- Ohio Wtr Dev Auth
Action: New Rating
Action: Outlook: Stable
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