S&P Gives A-Minus to $1B Louisiana Citizens Deal

DeSue, Tedra
March 2006
Bond Buyer;3/30/2006, Vol. 355 Issue 32350, p35
Trade Publication
The article reports that Standard and Poor's has assigned an A-minus rating to the $1 billion revenue bond deal being priced by the Louisiana Citizens Property Insurance Corp. The bond offering includes about $708 million of Series 2006B bonds and $300 million of 2006C auction-rate bonds. The proceeds from the bond deal will be used to help the company pay claims related to Hurricane Katrina.


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