16.08.2016 18:24:00
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Moody's reviews Ohio Water Dev. Auth. (TimkenSteel) LOC-backed Ser. 2001 bonds
New York, August 16, 2016 -- Moody's Investors Service, at the request of the TimkenSteel Corporation, has reviewed documents submitted to us in connection with the issuance of substitute letter of credit in support of Ohio Water Development Authority Multi-Modal Interchangeable Rate Water Development Revenue Refunding Bonds (TimkeSteel Project) Series 2001 (the Bonds). The substitute letter of credit will be provided by JPMorgan Chase Bank, N.A. (the Bank) and will replace the current letter of credit issued by Northern Trust Company.