Oregon's GO Alternate Energy Project Bonds Rated 'AA-'; Outlook Stable Mar 04
Standard & Poors, March 2004
Abstract
NEW YORK (Standard & Poor's) March 19, 2004Standard & Poor's Ratings Services assigned its 'AA-' rating to Oregon's $19.365 million general obligation alternate energy project bonds series 2004 A, B, and C, reflecting the state's financial position that, while weakened by a prolonged economic slowdown, was stabilized by large budget cuts and revenue enhancements in fiscal 2003; diversified economic base; and low debt burden as a percent of market value. The bonds are scheduled to sell March 24. Standard & Poor's also affirmed its 'AA-' rating on the state's approximately $3.3 billion of outstanding general obligation debt. The outlook is stable based on the expectation that the state will take the necessary actions to correct any budgetary imbalances resulting from...
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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