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Summary: Green Valley Municipal Property Corp., Arizona Green Valley Domestic Water Improvement District; Water/Sewer Dec 11
Standard & Poors, Dec 2011
Abstract
Standard & Poor's Ratings Services has placed its 'A+' long-term rating on Green Valley Municipal Property Corp., Ariz.'s lease revenue bonds, issued on behalf of Green Valley Domestic Water Improvement District, on CreditWatch with negative implications. This action follows repeated attempts by Standard & Poor's to obtain timely information of satisfactory quality to maintain our rating on the securities in accordance with our applicable criteria and policies. Failure to receive the requested information by Jan. 15, 2012, will likely result in our suspension of the affected rating, preceded, in accordance with our policies, by any change to the rating that we consider appropriate given available information. USPF Criteria: Key Water And Sewer Utility Credit Ratio Ranges, Sept.15, 2008 USPF Criteria:...
Companies mentioned in this report are: Green Vy Dom Wtr Imp Dist,Green Vy Mun Prop Corp
Action: On CreditWatch:Negative
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 the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
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