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Oregon's GO Alternate Energy Project Bonds Rated 'AA-'; Outlook Stable Mar 04
Standard & Poors, March 2004
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...
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Action: New Rating
Action: Outlook: Stable
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Research type: News
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