• +353-1-415-1241(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Summary: UHC Madera, CA; Public Finance Structured, Letter of Credit Sep 05 Product Image

Summary: UHC Madera, CA; Public Finance Structured, Letter of Credit Sep 05

  • Published: September 2005
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AA/A-1+' rating to the California Statewide Communities Development Authority's $13.5 million variable-rate demand multifamily housing revenue bonds, series 2005Q, issued on behalf of UHC Elk Brown L.P. for The Stoneridge At Elk Grove Project. The 'AA/A-1+' rating is based on a direct pay LOC provided by Citibank N.A. ('AA/A-1+'). The LOC will provide payment for regularly scheduled principal and interest, as well as for unremarketed tendered bonds for an amount equal to 35 days at a 12% maximum rate of interest in the weekly rate mode. The bonds will be issued in the weekly interest rate, which may be later converted to a term rate mode. Bonds in the weekly rate mode will...

Companies mentioned in this report are:
- UHC Madera
- California Statewide Communities Dev 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 READ MORE >

- UHC Madera
- California Statewide Communities Dev Auth

Note: Product cover images may vary from those shown

RELATED PRODUCTS