|
|
 |
|
Viewing report
|
|
|
|
Bethlehem And Bethlehem Authority, PA's GO Bond Ratings Raised To 'A-' From 'BBB+'
Standard & Poors, Dec 2008
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
NEW YORK (Standard & Poor's) Dec. 17, 2008--Standard & Poor's Ratings Services raised its underlying rating (SPUR) on the City of Bethlehem and Bethlehem Authority, Pa.'s general obligation (GO) bonds outstanding to 'A-' from 'BBB+' based on the city's diversifying revenue stream and stabilizing financial performance, as well as our expectation that both adequate reserve levels and moderate overall net debt levels will be maintained or improved. The outlook is stable. 'The rating also reflects our opinion of the city's participation in the greater Allentown-Bethlehem-Easton metropolitan area and sizable economic development projects completed or underway, which should bolster the city's tax base,' said Standard & Poor's credit analyst Michael Taylor. Bethlehem is still recovering from the loss of a major...
Companies mentioned in this report are: Bethlehem,Bethlehem Auth
Action: Upgraded
|
|
|
|
