Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers L > Headlines for Los Angeles > News item |
S&P rates Los Angeles wastewater bonds AA-/A-1+
Standard & Poor's said it assigned an AA-/A-1+ rating and AA- underlying rating to the Los Angeles Wastewater System's $246.315 million of bonds, series 2008 A, B, C, D and E, based on a direct-pay letter of credit from Bank of Nova Scotia.
S&P also said it assigned an AA+/A-1+ rating and AA- underlying rating to the system's $198.285 million of bonds, series 2008 F-1, F-2, G and H, based on a letter of credit from Bank of America, NA.
The bonds include $84.73 million of series 2008A, $69.78 million of 2008B, $49.84 million of 2008C, $31.9 million of 2008D, $10.065 million of 2008E, $68.51 million of 2008F-1, $57.115 million of 2008F-2, $36.33 million of 2008G and $36.33 million of 2008H.
The outlook is stable.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.