Summary: Orlando Orange County Expressway Authority, FL Series 2003D Bonds Rating Raised To 'AAA/A-1'; Off Watch Negative; Joint Criteria Jan 12
- Language: English
- Published: January 2012
Standard & Poor's Ratings Services affirmed its 'AA+/A-2' rating on Orlando Orange County Expressway Authority, Fla.'s expressway variable-rate demand bonds series 2008B2, due to the bank facility being extended to Nov. 15, 2012. The long-term component of the rating is based jointly (assuming medium correlation) on the ratings on the obligor, Orlando Orange County Expressway Authority, and the letter of credit provider, SunTrust Bank. The short-term component of the rating is based solely on the rating on SunTrust Bank. Criteria: Methodology And Assumptions: Approach To Evaluating Letter Of Credit-Supported Debt, July 6, 2009 USPF Criteria: Municipal Applications For Joint Support Criteria, June 25, 2007 Criteria: Joint Support Criteria Update, April 22, 2009...
Companies mentioned in this report are: Orlando Orange Cnty Expwy Auth
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Orlando Orange Cnty Expwy Auth