• SELECT SITE CURRENCY
Select a currency for use throughout the site
Summary: Orange County Local Transportation Authority, California; Letter of Credit Mar 12
Standard & Poors, March 2012
Standard & Poor's Ratings Services affirmed its 'A-1' short-term rating on Orange County Local Transportation Authority, Calif.'s renewed measure m subordinate sales tax revenue commercial paper notes (limited-tax bonds) series A and B, due to the extension of the bank facility to Oct. 31, 2014. The short-term rating is based on a weak link between the letter of credit provided by JP Morgan Chase bank N.A. and Bank of America N.A. Criteria: Methodology And Assumptions: Approach To Evaluating Letter Of Credit-Supported Debt, July 6, 2009...
Companies mentioned in this report are: Orange Cnty Local Transp Auth
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.
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.
Orange Cnty Local Transp Auth