Moody's assigns Aaa/P-1 to Twins Ballpark bonds

Moody's Investors Service said it assigned the rating of Aaa/P-1 to the $150 million series 2008B variable-rate project revenue bonds issued by Twins Ballpark, LLC, Minn.

The expected sale date was July 2.

The short-term portion of the rating is based on a standby bond purchase agreement provided by JPMorgan Chase Bank, NA and US Bank NA on a several, not joint, basis. Bank of America is rated Aaa/P-1 for long-term and short-term obligations, respectively, and US Bank is currently rated Aa1/P-1.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.