Bangkok--16 Sep--Standard & Poor's
Standard & Poor's Rating Services placed its 'AA+' long-term rating on Los Angeles, Calif.'s single-family mortgage revenue bonds series 2001A-1 and 2001A-2 on CreditWatch with negative implications. This action follows repeated attempts by Standard & Poor's to obtain timely information of satisfactory quality to maintain our rating on the securities in accordance with our applicable criteria and policies. Failure of receipt of the requested information by Sept. 28, 2011, will likely result in our suspension of the affected rating, preceded, in accordance with our policies, by any change to the rating that we consider appropriate given available information. For more information on our policies, see "Credit FAQ: Procedures For Suspending Ratings In U.S. Public Finance Due To Insufficient Information," published Aug. 25, 2011, on RatingsDirect on the Global Credit Portal.
RELATED CRITERIA AND RESEARCH
USPF Criteria: Ginnie Mae, Fannie Mae, And Freddie Mac Multifamily Securities, June 26, 2007
Complete ratings information is available to subscribers of RatingsDirect on the Global Credit Portal at www.globalcreditportal.com. All ratings affected by this rating action can be found on Standard & Poor's public Web site at www.standardandpoors.com. Use the Ratings search box located in the left column.
Media Contact:
Ola Fadahunsi, New York (1) 212-438-5095,
[email protected]
Analyst Contacts:
Renee J Berson, New York (1) 212-438-7966
Stephanie Morgan, New York 212-438-5141