CUSIP 667736KC5
- ISIN: US667736KC50
- Entity Name: Northwest Park Municipal Utility District
- Sector: Municipal Agency
- Announcement Date: 19-Jan-2018
- Effective Date: 05-Dec-2017
- Issue Date: *****
- Maturity Date: 01-Mar-2034
- Country of Issuer: United States
- Region: N.Amer
- Issue Currency: United States of America Dollars
- CA Type: Rating Downgrade
- News: On December 1, 2017, S&P Global Ratings (S&P) affirmed and then withdrew its A rating of National Public Financial Guarantee Corp (NPFGC). On December 5, 2017, the Kroll Bond Rating Agency (KBRA) downgraded NPFGC from AA+ to AA, and then withdrew its rating of NPFGC. NPFGC issued a municipal bond insurance policy for the Bonds, which Bonds were rated by S&P and KBRA. Ratings on securities that are guaranteed or ""wrapped"" by a financial guarantor are maintained at a level equal to the higher of a) the rating of the guarantor or b) the published underlying rating. The published underlying rating of the Issuer by S&P is A+, such that following the withdrawal of the ratings of NPFGC by S&P and KBRA, the Bonds are downgraded to the S&P rating of A+. For Bond Document please visit www.BondPDF.com
- Description: Municipal Name: Northwest Park Municipal Utility District CUSIP: 667736KC5 Currency: USD Northwest Park Municipal Utility District announced today that the Kroll Bond Rating Agency has downgraded the ratings of the Series 2016A, Unlimited Tax Bonds from AA+ to AA on December 5, 2017.
- Bond Document: https://www.bondpdf.com/
- Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US667736KC50
