TITLE

S&P Gives AA Rating to Florida Cat Fund's First Deal

AUTHOR(S)
Sigo, Shelly
PUB. DATE
June 2006
SOURCE
Bond Buyer;6/12/2006, Vol. 356 Issue 32400, p44
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the AA rating assigned by Standard and Poor's to the inaugural issuance by the Florida Hurricane Catastrophe Fund Finance Corp. in Florida on June 14, 2006. The tax-exempt, fixed-rate 2006A revenue bonds to be issued by the Cat Fund will be used to reimburse insurance companies for the losses they incurred in 2005.
ACCESSION #
21258813

 

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