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Summary: Chandler, Arizona; General Obligation May 06

  • ID: 1714635
  • May 2006
  • Region: Arizona
  • Standard & Poors

Standard & Poor's Ratings Services raised its rating and underlying rating (SPUR) on Chandler, Ariz.'s GO bonds to 'AAA' from 'AA+', reflecting strong conservative management with policies and practices in place that have driven economic growth, built strong fiscal reserves, and ensured financial stability for the city into the future. In addition, Standard & Poor's assigned its 'AAA' rating to the city's GO bonds, series 2006. The 'AAA' rating also reflects the city's: Continued strong financial management and planning, Strong growth within the employment and property tax bases, Participation within the diverse Phoenix MSA economy, Above-average income levels, Strong financial operations, and Below-average debt burden. The city's unlimited ad valorem tax pledge secures the bonds. The roughly 62-square-mile Chandler, in...

Companies mentioned in this report are:
- Chandler

Action: New Rating
Action: Outlook: Stable
Action: Upgraded

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. READ MORE >

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