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Jefferson County Industrial Development Corp. Bonds Series 2010 (Jefferson Refinery LLC) 'A-1' Rating Affirmed Dec 11 Product Image

Jefferson County Industrial Development Corp. Bonds Series 2010 (Jefferson Refinery LLC) 'A-1' Rating Affirmed Dec 11

  • ID: 2035335
  • December 2011
  • Standard & Poors

Abstract
NEW YORK (Standard & Poor's) Dec. 29, 2011-Standard & Poor's Ratings Services today affirmed its 'A-1' short-term rating on Jefferson County Industrial Development Corp.'s Hurricane Ike disaster area revenue bonds series 2010 (for the Jefferson Refinery LLC project) due Dec. 1, 2040. The 'A-1' rating reflects our opinion of the sufficiency, liquidity, and credit quality of the investment agreement (IA) that Branch Banking and Trust Co. (BB&T; 'A-1') provides. The bonds were originally issued on Dec. 30, 2010, but have been periodically repurchased by way of a mandatory tender and remarketed. The most recent mandatory tender and remarketing occurred today. Today's affirmation follows the remarketing of the $269 million initial bonds tranche number 1 and $31 million initial bonds tranche...

Companies mentioned in this report are: Jefferson Cnty Indl Dev Corp
Action: Affirmed

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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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