For those seeking full written documentation versus the standard (verbal) rating consultation here are two examples: Cost $2,000-$5,000 and seven days notice.
12/2010 New Issue: Dormitory Authority of the State of New York $102.0 Million Special Assessment Revenue Bonds, Series 2010A
12/2010 New Issue: City of Riverside, California $133.3 Million Electric Revenue Bonds, Issue of 2010A BAB and, $7.1 Million Electric Revenue Bonds, Issue of 2010B Exempt; Bank Qualified
These issues were selected from new issues sold in December 2010. They have not been updated nor have newer samples been provided.
There are two reasons for this. First, a credit rating has value only if it has legs i.e, can withstand the test of time. The ratings are more than three years old so clients can see how BBR's ratings stand up.
Second, the reports and ratings are real and may be used for income gain or loss avoidance.