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Oregon; Tax Secured, General Obligation Mar 04 Product Image

Oregon; Tax Secured, General Obligation Mar 04

  • Published: March 2004
  • Region: Oregon
  • Standard & Poors

Abstract
The 'AA-' rating on Oregon's state board of higher education GO refunding bonds 2004 series D and E reflects 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 state pledges its full faith and credit to secure the series 2004D and E bonds. Proceeds will be used to refund outstanding revenue bonds issued to finance buildings and other projects for the Oregon University System. Oregon's economy has diversified away from its traditional industries of lumber, wood products, and agriculture into high-technology manufacturing. Computer and electronic manufacturing employment accounts for 2.8% of...

Companies mentioned in this report are:
- Oregon

Action: New Rating

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Oregon

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