Redevelopment Agency of the County of Alameda
CUSIP 011113AT4
- Issue Currency: United States of America Dollars
- Announcement Date: 15-Feb-2018
- News: This Notice of Occurrence of Listed Event (Notice) has been prepared to satisfy the obligations of the Alameda County Redevelopment Successor Agency (the Successor Agency), pursuant to Section 5 of that certain Continuing Disclosure Certificate, dated February 2, 2006 (the Disclosure Certificate), executed by the Redevelopment Agency of the County of Alameda, in connection with the execution and delivery of the $34,735,000 Eden Area Redevelopment Project Tax Allocation Bonds, Series 2006A (the Bonds) and the requirements of Rule 15c2-12 of the Securities Exchange Act of 1934, as amended. The following information is being provided as required by the Disclosure Certificate in order to comply with the Successor Agencys obligations to notify owners of the Bonds, the participating underwriters, and the Repository of the occurrence of a Listed Event. At issuance, the Bonds were insured by MBIA Insurance Corporation (which was reinsured by National Public Finance Guarantee Corporation (NPFGC)). On December 5, 2017, Kroll Bond Rating Agency downgraded its insurance financial strength rating on NPFGC from AA+ to AA and subsequently withdrew the rating citing business reasons. On January 17, 2018, Moodys Investors Service downgraded its insurance financial strength rating on NPFGC from A3 to Baa2. Information from the rating agencies regarding the ratings actions may be obtained from such rating agencies. This Notice may contain information material to bond owners and does not purport to contain all material information with respect to the Bonds or the financial condition of the Successor Agency. The information contained in the Notice is not guaranteed as to accuracy or completeness. For Bond Document please visit www.BondPDF.com
- Issue Currency: United States of America Dollars
- Announcement Date: 15-Feb-2018
- News: This Notice of Occurrence of Listed Event (Notice) has been prepared to satisfy the obligations of the Alameda County Redevelopment Successor Agency (the Successor Agency), pursuant to Section 5 of that certain Continuing Disclosure Certificate, dated February 2, 2006 (the Disclosure Certificate), executed by the Redevelopment Agency of the County of Alameda, in connection with the execution and delivery of the $34,735,000 Eden Area Redevelopment Project Tax Allocation Bonds, Series 2006A (the Bonds) and the requirements of Rule 15c2-12 of the Securities Exchange Act of 1934, as amended. The following information is being provided as required by the Disclosure Certificate in order to comply with the Successor Agencys obligations to notify owners of the Bonds, the participating underwriters, and the Repository of the occurrence of a Listed Event. At issuance, the Bonds were insured by MBIA Insurance Corporation (which was reinsured by National Public Finance Guarantee Corporation (NPFGC)). On December 5, 2017, Kroll Bond Rating Agency downgraded its insurance financial strength rating on NPFGC from AA+ to AA and subsequently withdrew the rating citing business reasons. On January 17, 2018, Moodys Investors Service downgraded its insurance financial strength rating on NPFGC from A3 to Baa2. Information from the rating agencies regarding the ratings actions may be obtained from such rating agencies. This Notice may contain information material to bond owners and does not purport to contain all material information with respect to the Bonds or the financial condition of the Successor Agency. The information contained in the Notice is not guaranteed as to accuracy or completeness. For Bond Document please visit www.BondPDF.com
- Issue Currency: United States of America Dollars
- Announcement Date: 06-Jul-2017
- News: On June 26, 2017, S&P Global Ratings (formerly Standard & Poors Ratings Services) downgraded NPFGC to A from AA-. For Bond Document please visit www.BondPDF.com
