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Summary: California Statewide Communities Development Authority Plan Nine Partners LLC; Letter of Credit Jan 10 Product Image

Summary: California Statewide Communities Development Authority Plan Nine Partners LLC; Letter of Credit Jan 10

  • Published: January 2010
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services affirmed its 'A+/A-1' rating on California Statewide Communities Development Authority's variable-rate demand bonds (Plan Nine Partners LLC Project) series 2005A and 2005B due to the bank facility being extended to Feb. 2, 2012. The long-term and short-term components of the rating are based on Union Bank N.A. Criteria: Methodology And Assumptions: Approach To Evaluating Letter Of Credit-Supported Debt, July 6, 2009...

Companies mentioned in this report are:
- Plan Nine Partners LLC
- California Statewide Communities Dev Auth

Action: Affirmed

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.

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- Plan Nine Partners LLC
- California Statewide Communities Dev Auth

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