- Published: May 2012
- Region: United States
Summary: Santa Clara County, CA Series 1994B Bonds Rating Lowered To 'AA/A-1'; General Obligation Mar 12
- Published: March 2012
- Standard & Poors
Standard & Poor's Ratings Services lowered its rating on Santa Clara County Financing Authority, Calif.'s (VNMC Facility Replacement Project) lease revenue bonds (Santa Clara County) series 1994B to 'AA/A-1' from 'AA/A-1+'. This action follows Standard Poor's Nov. 29, 2011, downgrade of its rating on JPMorgan Chase Bank N.A. to 'A+/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 component of the rating is based on the rating on Santa Clara County. The short-term component of the rating is based on the JPMorgan Chase Bank N.A. bank facility expiring Nov. 1, 2013. The stable...
Companies mentioned in this report are: Santa Clara Cnty,Santa Clara Cnty Fincg 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.
SHOW LESS READ MORE >
Santa Clara Cnty,Santa Clara Cnty Fincg Auth