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Oregon's $320.585 Million GO Bonds Assigned 'AA+' Rating May 11
Standard & Poors, May 2011
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:
Action: New Rating
Action: Outlook: Stable
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Research type: News
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