Oregon's $320.585 Million GO Bonds Assigned 'AA+' Rating May 11
Standard & Poors, May 2011
Abstract
SAN FRANCISCO (Standard & Poor's) May 2, 2011-- Standard & Poor's Ratings Services assigned its 'AA+' long-term rating to Oregon's $320.585 million series 2011I-L general obligation (GO) bonds. In addition, Standard & Poor's affirmed its 'AA+' long-term and underlying rating (SPUR) and 'AA+/A-1' rating on the state's outstanding GO debt. The outlook on all ratings is stable. "The rating reflects our view of the state's demonstrated willingness to make revenue and expenditure adjustments to correct structural imbalances as well as its strong financial policies and practices," said Standard & Poor's credit analyst Gabriel Petek. "Further strengthening the rating is our view that the state will balance its budget for the upcoming biennium and potentially add to its education stability fund...
Companies mentioned in this report are:
- Oregon
Action: Affirmed
Action: New Rating
Action: Outlook: Stable
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.
Oregon
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