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California Municipal Finance Authority Bonds Series 2007 (Edelbrock Permanent Mold LLC) 'A+/A-1' Rating Affirmed Aug 10
Standard & Poors, Aug 2010
Abstract
NEW YORK (Standard & Poor's) Aug. 3, 2010--Standard & Poor's Ratings Services today affirmed its 'A+/A-1' rating on California Municipal Finance Authority's $5.84 million variable-rate demand industrial development revenue bonds series 2007 (for the Edelbrock Permanent Mold LLC project) due May 1, 2032. The 'A+' long-term component of our rating on the series 2007 bonds is based on our long-term issuer credit rating on PNC Bank N.A. ('A+'), and addresses the full and timely payment of regularly scheduled interest and principal according to the transaction's terms. The 'A-1' short-term component of our rating on the bonds is based on our short-term issuer credit rating on PNC Bank ('A-1'), and addresses the full and timely payment of the bonds' purchase price...
Companies mentioned in this report are: California Municipal Finance Authority
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.
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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