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Summary: Municipality Of Anchorage, Alaska; General Obligation Oct 08
Standard & Poors, October 2008
Standard & Poor's Ratings Services assigned its 'AA' rating to the Municipality of Anchorage, Alaska's $60 million series 2008A general obligation (GO) general purpose bonds and $29.84 million series 2008B GO school bonds. In addition, Standard & Poor's affirmed its 'AA' rating and underlying rating (SPUR) on the municipality's parity debt. The rating reflects: The municipality's central role in the state and regional economy; A strong tax base; and Good financial management, with healthy reserves. The bonds are secured by Anchorage's unlimited GO pledge. Anchorage is home to a growing population of 287,000, or 42% of the state's population of 684,000. The municipality is Alaska's main city and serves as an economic hub for most of the state, including headquarter...
Companies mentioned in this report are: Anchorage Municipality
Action: New Rating
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