Moody's Assigns LOC -backed P-1 to Vermont EDA's Taxable CP Series C & Tax-Exempt CP Series D
New York, February 17, 2017-- Moody's Investors Service has assigned P-1 letter of credit-backed ratings to Vermont Economic Development Authority Economic Development Capitalization Program Issue, Taxable Commercial Paper Notes Series C and Tax-Exempt Commercial Paper Notes Series D. The Notes are supported by letters of credit provided by JPMorgan Chase Bank, N.A.. The ratings on the Notes are based upon the LOCs provided by the Bank; the structure and legal protections of...
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