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Alabama Public School & College Authority's Special Obligation Bonds Rated AA; Outlook Stable
Standard & Poors, Aug 1999
Abstract
NEW YORK (Standard & Poor's CreditWire) Aug. 30, 1999--Standard & Poor's today assigned its double-'A' rating to Alabama Public School and College Authority's $20 million tax-exempt special obligation bonds series 1999A dated Sept. 1, 1999, due Sept. 30, 2029, and $69 million taxable special obligation bonds series 1999B dated Sept. 1, 1999, due Sept. 30, 2029. The bonds are scheduled to sell between Sept. 7 and Sept. 14. Additionally, Standard & Poor's today affirmed its double-'A' rating on the authority's $540.89 million capital improvement bonds and its double-'A' Standard & Poor's underlying rating (SPUR) on the authority's $182.31 million capital improvement bonds series 1998. The rating reflects: -- Historically strong revenue performance; -- High coverage of debt service by aggregate...
Companies mentioned in this report are: Alabama Pub Sch & Coll Auth
Action: New Rating
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.
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