Successor Agency To The Clearlake Redevelopment Agency, CA TARBs Assigned #A-# Rating On Strong MADS Coverage

Stocks and Financial Services Press Releases Wednesday September 13, 2017 09:22
SAN FRANCISCO--13 Sep--S&P Global Ratings

SAN FRANCISCO (S&P Global Ratings) Sept. 12, 2017--S&P Global Ratings assigned its 'A-' long-term rating to the Successor Agency (SA) to the Clearlake Redevelopment Agency, Calif.'s series 2017 tax allocation refunding bonds (TARBs). The outlook is stable.

"The rating reflects our opinion of the project area's positive assessed value growth during the past three years and its strong maximum annual debt service coverage," said S&P Global Ratings credit analyst Jean Lee. "The rating further reflects our view of the project area's primarily residential and diverse tax base," Ms. Lee added.

Proceeds from the series 2017 TARBs will refund the agency's series 2006A and 2006B tax allocation bonds (TABs) outstanding. Following the successful refunding, our rating on the series 2006A and 2006B TABs will be subject to discontinuation.

The project area is primarily residential and large at 2,983 acres, located about 100 miles north of San Francisco in Clearlake (estimated population: 15,500), in Lake County.

Latest Press Release

KTC cuts interest and usage fee loads in half to welcome new KTC PROUD members.

Ms. Phichamon Jitpentham, Vice President - Personal Loans, "KTC" or Krungthai Card Public Company Limited, states, "This year, KTC prioritizes the expansion of its "KTC PROUD" Revolving Loan card member base to new target groups with financial needs, and...

Crude Oil Tanker Operator Navios Midstream #B# Rating Outlook Stable

FRANKFURT (S&P Global Ratings) May 25, 2018--S&P Global Ratings said today that it had affirmed its 'B' long-term issuer credit rating on Marshall Islands-registered owner and operator of crude oil tankers Navios Maritime Midstream Partners L.P....

Shipping And Logistics Company Navios Maritime Holdings Upgraded To #B# On Improving Financial Outlook Stable

FRANKFURT (S&P Global Ratings) May 25, 2018--S&P Global Ratings said today that it had raised its long-term issuer credit rating on Marshall Islands-registered shipping and logistics company Navios Maritime Holdings Inc. (Navios Holdings) to 'B'...

Ratings Assigned To Auto ABS Transaction Driver UK Master, Compartment 3 Series 2016-1

LONDON (S&P Global Ratings) May 25, 2018--S&P Global Ratings today assigned its credit ratings to Driver UK Master S.A., Compartment 3's series 2016-1 class A and B notes. At closing, the issuer issued an unrated subordinated loan (see list...

Credit Suisse (Schweiz) AG Assigned #A/A-1# Outlook Stable

FRANKFURT (S&P Global Ratings) May 25, 2018--S&P Global Ratings said today that it has assigned its 'A/A-1' long- and short-term issuer credit ratings to Switzerland-based Credit Suisse (Schweiz) AG (CSSAG). The outlook is stable. CSSAG is the...

Related Topics