Summary: East Baton Rouge Parish, Louisiana; Joint Criteria Jan 13
Standard & Poors, January 2013
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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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.
- East Baton Rouge Parish
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