|
|
 |
|
Viewing report
|
|
|
|
24 Bank West LOC-Supported Bonds Ratings Lowered To 'A+/A-1'; Five Ratings Affirmed Apr 10
Standard & Poors, April 2010
Abstract
NEW YORK (Standard & Poor's) April 28, 2010--Standard & Poor's Ratings Services today lowered its ratings on 24 bond issues that are supported by Bank of the West's letters of credit (LOCs) to 'A+/A-1' from 'AA-/A-1+'. At the same time, we affirmed our ratings on five jointly supported bond issues (see list). Our ratings on five of the 24 bond issues that were downgraded are based on the confirming LOCs provided by Bank of the West ('A+/A-1'). These issues-Hale County Industrial Development Corp.'s bonds series 2003, Illinois Educational Facility Authority's bonds series 2002, Jasper County's bonds series 2000, Le Mars' bonds series 2000A, and Michigan Strategic Fund's bonds series 2004-are not eligible for our joint and several criteria. Therefore, our...
Action: Affirmed
Action: Downgraded
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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
