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WKN DE: A0MYYM / ISIN: PLINCLT00015
03.11.2016 18:54:00
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Brownsville Public Utility Board, TX -- Moody's Affirms P-1 LOC-Backed Rating of Brownsville, TX Utilities System CP Notes Ser. A
New York, November 03, 2016 -- Moody's Investors Service has affirmed the P-1 LOC-backed rating of the City of Brownsville, Texas (the City) Utilities System Commercial Paper Notes Series A (the Notes). The affirmation is issued in connection with the substitution of the current letter of credit (LOC) supporting the Notes provided by Bank of Montreal with a new LOC to be provided by MUFG Union Bank, N.A. (the Bank). The substitution is scheduled to occur on November 18, 2016.