Jefferson County Industrial Development 2010 Initial Bonds Tranche Number 2 (Jefferson Refinery) 'A-1' Rating Affirmed Nov 11
- Language: English
- Published: November 2011
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
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