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Summary: Puerto Rico Sales Tax Financing Corp.; Sales Tax Jun 09 Product Image

Summary: Puerto Rico Sales Tax Financing Corp.; Sales Tax Jun 09

  • Published: June 2009
  • Region: Puerto Rico
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services has assigned its 'AA-' rating and stable outlook to Puerto Rico Sales Tax Financing Corp.'s (COFINA) $237.8 million senior series 2009C sales tax revenue refunding bonds. In addition, Standard & Poor's affirmed its 'AA-' rating and stable outlook on the corporation's approximately $5.2 billion in senior lien sales tax revenue bonds outstanding. We also affirmed the 'A+' rating and stable outlook on the corporation's $4.1 billion series 2009A and approximately $500 million series 2009B first subordinate sales tax revenue bonds. Standard & Poor's also affirmed its 'SP-1+' rating on the corporation's 2009 bond anticipation notes. The notes, which mature Dec. 1, 2012, will be retired when the series 2009A first subordinate lien bonds close, which...

Companies mentioned in this report are:
- Puerto Rico Sales Tax Fincg Corp

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 READ MORE >

- Puerto Rico Sales Tax Fincg Corp

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