|
|
Article: USA: MOODY'S ASSIGNS AA3 ISSUER RATING TO FARM CREDIT BANK OF TEXAS.
- Article from:
- IPR Strategic Business Information Database
- Article date:
- July 17, 2008
CopyrightCOPYRIGHT 2008 Info-Prod (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Moody's Investors Service has assigned a Aa3 issuer rating and A2 preferred stock rating with a stable outlook to the Farm Credit Bank of Texas. The Farm Credit Bank of Texas is part of the Federal Farm Credit System. The Farm Credit Bank of Texas' Aa3 issuer rating reflects a Baseline Credit Assessment (BCA) of 6 (on a scale of 1 to 21, where 1 represents the lowest risk) and a high degree of support. The BCA of 6 incorporates the Banks' strong position in agriculture lending, strong credit culture, and solid capital levels. These positive attributes are ameliorated by modest profitability and single-industry exposure to agriculture. The stable outlook reflects ...