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Summary: East Baton Rouge Parish, Louisiana; Joint Criteria Jan 13 Product Image

Summary: East Baton Rouge Parish, Louisiana; Joint Criteria Jan 13

  • ID: 2384451
  • January 2013
  • Region: Louisiana
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services confirmed its 'AAA/A-1' rating on East Baton Rouge Parish, La.'s road and street improvement sales tax bonds series 2008A, due to the bank facility being extended to June 30, 2014. The long-term component of the rating is based jointly (assuming low correlation) on the ratings on the obligor, East Baton Rouge Parish, and the letter of credit provider, JPMorgan Chase Bank N.A. The short-term component of the rating is based solely on the rating on the letter of credit provider, JPMorgan Chase Bank N.A. Criteria: Methodology And Assumptions: Approach To Evaluating Letter Of Credit-Supported Debt, July 6, 2009...

Companies mentioned in this report are:
- East Baton Rouge Parish

Action: Affirmed

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