CUSIP 49126KGK1
- ISIN: US49126KGK16
- Entity Name: Kentucky Economic Development Finance Authority
- Sector: Municipal Agency
- Announcement Date: *****
- Effective Date: *****
- Issue Date: *****
- Maturity Date: *****
- Country of Issuer: *****
- Region: N.Amer
- Issue Currency: *****
- CA Type: Rating Downgrade
- News: S&P Global Rat ings has lowered the long-term component of its dual rating on the Kentucky Economic Development Finance Authority`s series 2009B adjustable rat e hospital facilities refunding bonds (`AA/A-1+`), issued for St. Eliz abeth Medical Center , to `AA-` from `AA`. The `A-1+` short-term component of th e rating remains unchanged. ""The downgrade follows the Sept. 5, 2018, replacement of th e standby bond purchase agreement provided by U.S Bank, N.A with a directpay letter of credit provided by TD Bank, N.A,"" said S&P Global Ratings c redit analyst Radhika Kalra. The `AA-` long-term component of the rating reflects the irrevocable direct-pay LOC provided by TD Bank, NA (`AA-/A1+`) and addresses the likelihood that bondholders will receive interest and p rincipal payments due if they don`t exercise the put option. The `A-1+` short -term component of our rating reflects our short-term issuer credit rating on the bank and addresses the likelihood that bondholders will receive inte rest and principal View Analyst Contact Information Standard & Poor`s | Americas payments if they exercise the put option.
- Description: *****
- Bond Document: https://www.bondpdf.com/
- Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US49126KGK16
