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Summary: California Statewide Communities Development Authority Chabad Of California; Letter of Credit Aug 10 Product Image

Summary: California Statewide Communities Development Authority Chabad Of California; Letter of Credit Aug 10

  • ID: 2044231
  • August 2010
  • Region: California
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services affirmed its 'A/A-1' rating on California Statewide Communities Development Authority's (Chabad of California) variable-rate demand revenue bonds series 2004 due to the bank facility being extended to Nov. 30, 2010. The long-term and short-term components of the rating are based on Comerica Bank. Criteria: Methodology And Assumptions: Approach To Evaluating Letter Of Credit-Supported Debt, July 6, 2009...

Companies mentioned in this report are:
- Chabad of California
- California Statewide Communities Dev Auth

Action: Affirmed

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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.

- Chabad of California
- California Statewide Communities Dev Auth

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