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Summary: Allegheny County Industrial Development Authority, Pennsylvania Western Pennsylvania School For Blind Children; Independent Schools Jan 12
Standard & Poors, Jan 2012
Abstract
Standard & Poor's Ratings Services has removed its 'AA+/A-1' rating on Allegheny County Industrial Development Authority, Pa.'s variable-rate demand revenue bonds, issued for Western Pennsylvania School For Blind Children from CreditWatch with negative implications, where it had been placed Dec. 30, 2011. At the same time, we affirmed the 'AA+/A-1' rating. We placed the rating on CreditWatch because we were unable to obtain timely information of satisfactory quality after repeated attempts. Since the CreditWatch placement, we have received the necessary data required to maintain the rating and return the outlook to stable. The 'A-1' short-term rating component affirmation reflects our opinion of the liquidity facility with PNC Bank. The 'AA+' long-term rating component affirmation reflects our assessment of the school's:...
Companies mentioned in this report are: Western Pennsylvania Sch for Blind Children,Allegheny Cnty Indl Dev Auth
Action: Affirmed
Action: Outlook: Stable
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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