TITLE

OCSD's $200M COP Deal

AUTHOR(S)
Cohen, Jackie
PUB. DATE
March 2006
SOURCE
Bond Buyer;3/3/2006, Vol. 355 Issue 32331, p31
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the Orange County Sanitation District in California will sell $200 million in certificates of participation that will be secured by a senior lien on revenues. Moody's Investors Service provided the long and short-term ratings for the deal. Moody's analyst Jeffrey Thomas explains that the long-term portion of the rating is based on the district's economically sound service area. Meanwhile, Thomas adds that the short-term portion of the rating is based on the terms and conditions of a standby certificate purchase agreement and the credit quality of the agreement provider, Depfa Bank.
ACCESSION #
20281864

 

Related Articles

  • Johnson County, Mo. Wins Upgrade. Shields, Yvette // Bondbuyer.com;3/5/2015, p42 

    The article reports that issuer credit rating and certificates of participation of Johnson County, Missouri have been upgraded by Standard & Poor's Financial LLC from BBB-plus to A-minus and BBB to BBB-plus, respectively, because of improved budgetary performance.

  • Moody's Drops Washington State Outlook to Negative; COPs Earn Aa2. Williams, Rochelle // Bond Buyer;12/06/2001, Vol. 338 Issue 31279, p27 

    Discusses credit ratings of Washington state and University of Washington's certificates of participation (COP) by financial ratings agency Moody's Investors Service Inc. Interest rates of COP; Purpose behind the COP sale; Reasons behind the agency's credit outlook on Washington.

  • NORTH CAROLINA: New Hanover Boosted to Aa1. Sigo, Shelly // Bond Buyer;10/11/2007, Vol. 362 Issue 32731, p9 

    The article reports on the move of Moody's Investors Service Inc. to upgrade New Hanover County's general obligation (GO) credit to Aa1 from Aa2 and its certificates of participation (COP) rating to Aa2 from Aa3 in North Carolina. It states that the upgrades affected $185.9 million of...

  • Sacramento RTD COPs Raised to A2 by Moody's.  // Bond Buyer;2/12/2008, Vol. 363 Issue 32814, p2 

    The article reports on the ratings made by Moody's Investors Service to Sacramental Regional Transit District's Series 2003B certificates of participation (COPs) in Sacramento, California. It upgraded its certificates from A3 to A2 ratings, making its outlook stable. It revealed that COPs were...

  • Johnson County, Mo. Wins Upgrade. Shields, Yvette // Bond Buyer;3/6/2015, p41 

    The article discusses the upgraded rating of Johnson County, Missouri from BBB-plus to A-minus by the rating agency Standard and Poor, and mentions topics that include certificate of participation (COP) rating, improved budgetary performance, and stable outlook for Johnson County, Missouri.

  • New Jersey Transit to Sell $275M In COPs for New Multi-Level Train Cars. Cataldo, Adam L. // Bond Buyer;8/18/2005, Vol. 353 Issue 32199, p3 

    Reports on the plan of the New Jersey Transit Corp. to issue certificates of participation (COP) to help finance the purchase of multilevel rail cars. Pledge of federal grants for the COPs; Rating of the deal by Moody's Investor Service.

  • Fitch Upgrades to A Pueblo, Colo., COPs.  // Bond Buyer;9/22/2005, Vol. 353 Issue 32223, p2 

    Reports that Fitch Ratings Inc. has upgraded the rating on the outstanding certificates of participation for the Colorado Municipal Building Corp. in Pueblo, Colorado.

  • Fitch Lowers $89 Million of Texas County's Detention Center Debt. Albanses, Elizabeth // Bond Buyer;9/5/2003, Vol. 345 Issue 31713, p37 

    Reports that ratings agency Fitch Ratings Inc. lowered the rating of $89 million of taxable certificates of participation issued by Reeves County, Texas from BBB-minus to BB. Reasons for downgrading the ratings of the certificates of participation; Information on the approach adopted by another...

  • Seattle Trade Center Project's long, winding road nears end. Monsarrat, Sean // Bond Buyer;07/23/99, Vol. 329 Issue 30689, p26 

    Reports that Washington State will sell up to $185 million of high-grade certificates of participation on July 27, 1999, to expand the Washington State Convention and Trade center in downtown Seattle. Moody's Investors Service's rating of the debt offering; Obstacles to the project; State...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics