- Language: English
- Published: November 2011
- Region: Indiana
Summary: South Dakota Conservancy District; State Revolving Funds/Pools Mar 08
- ID: 2127423
- March 2008
- Region: South Dakota
- Standard & Poors
South Dakota Conservancy District's state revolving fund program bonds series 2008 have been rated 'AAA/A-1+'. The 'AAA' long-term component of the rating is based on the underlying rating (AAA/ Stable) on the conservancy district and represents the likelihood that the debt service will be repaid over the life of the issues. The 'A-1+' short-term component of the rating on the series 2008 bonds represents the likelihood of payment of tenders and reflects separate standby bond purchase agreements (SBPAs) provided by US Bank N.A. (AAA/A-1+). The SBPA will provide coverage for principal and 186 days' interest at the maximum rate of 10% for the purchase price of the bonds that are not successfully remarketed. The SBPA is scheduled to expire on...
Companies mentioned in this report are:
- South Dakota Conservancy Dist
Action: New Rating
Action: Outlook: Stable
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 >