- Language: English
- 59 Pages
- Published: April 2011
- Region: North America
Summary: Virginia Antiquities Preservation Association Series 2004 Bonds Rating Lowered To 'AA-/A-1+'; Letter of Credit Feb 12
- Published: February 2012
- Region: Virginia
- Standard & Poors
Standard & Poor's Ratings Services lowered its rating on James City County Industrial Development Authority, Va.'s (Virginia Antiquities Preservation Association) industrial development revenue bonds series 2004 to 'AA-/A-1+' from 'AA/A-1+'. This action follows Standard Poor's Ratings Services Nov. 29, 2011, downgrade of its rating on Wells Fargo Bank N.A. to 'AA-/A-1+' from 'AA/A-1+' (please see "Standard & Poor's Applies Its Revised Bank Criteria To 37 Of The Largest Rated Banks And Certain Subsidiaries," published Nov. 29, 2011, on RatingsDirect on the Global Credit Portal). The long-term and short-term components of the rating are based on a Wells Fargo Bank N.A. bank facility expiring Nov. 16, 2012. Criteria: Methodology And Assumptions: Approach To Evaluating Letter Of Credit-Supported Debt, July 6, 2009...
Companies mentioned in this report are: Virginia Antiquities Preservation Assoc,James City Cnty Indl Dev Auth
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Virginia Antiquities Preservation Assoc,James City Cnty Indl Dev Auth