- Language: English
- 774 Pages
- Published: October 2012
- Region: Global
Summary: American Psychological Assn., District Of Columbia; Joint Criteria; Non-Profit Organizations Dec 11
- Published: December 2011
- Region: United States
- Standard & Poors
Standard & Poor's Ratings Services has lowered its long-term rating component on the American Psychological Assn. (APA), D.C.'s series 2003 variable-rate bonds to 'AA+' from 'AAA' and affirmed the 'A-1' short-term rating component. The 'AA+' long-term rating component reflects Standard & Poor's low-correlation joint criteria and is based jointly on our 'BBB+' underlying rating (SPUR) on APA and the Bank of America N.A. ('A/A-1') letter of credit (LOC). We based the short-term rating component solely on the bank LOC. On Nov. 29, 2011, Standard & Poor's lowered the long-term rating on Bank of America to 'A' from 'A+'. For more information, see "Bank of America Corp. And Operating Subsidiary Downgraded; Outlook Negative," published on RatingsDirect on the Global Credit Portal....
Companies mentioned in this report are: American Psychological Assn
Action: Outlook: Stable
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American Psychological Assn