- Language: English
- Published: July 2009
- Region: United Kingdom
Summary: Oklahoma County Finance Authority; Guaranteed Invstmnt Contract/Invstmnt Agreement Dec 06
- Published: December 2006
- Region: Oklahoma
- Standard & Poors
The 'AA/A-1+' rating on Oklahoma County Finance Authority multifamily housing revenue bonds (Santa Fe Pointe Apartments project), series 2006A, reflects the sufficiency of the principal investment along with investment income to pay interest and principal due until the mandatory tender and remarketing date. Bond proceeds will be held in escrow account until the remarketing date. The escrow account will be held invested with Societe Generale ('AA/A-1+'). Upon the satisfaction of certain conditions established in the indenture, the bonds will be subject to mandatory tender on a date no earlier than Dec. 1, 2007, with no right for bondholders to retain their bonds. At that time, the bonds will be remarketed and converted to long term. The principal investment and investment...
Companies mentioned in this report are: Oklahoma Cnty Fin Auth
Action: New Rating
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.
SHOW LESS READ MORE >
Oklahoma Cnty Fin Auth