Summary: Anchorage Municipality, Alaska; General Obligation Mar 10

Standard & Poors, March 2010

Abstract
Standard & Poor's Ratings Services assigned its 'AA' long-term rating, and stable outlook, to Municipality of Anchorage, Alaska's general obligation (GO) bonds series A-1 and A-2, series B-1 and B-2, and series C. At the same time, Standard & Poor's affirmed its 'AA' long-term rating and underlying rating on Anchorage's GO bonds outstanding. The outlook is stable. The GO rating reflects our opinion of: The municipality's central role in the state and regional economy; Strong income levels; A property tax base that has shown stability; and Good fund balances that the municipality expects will increase, in part because of recent budget cutting and also as a result of a small amount of one-time debt restructuring in 2010 and 2011. The...

Companies mentioned in this report are: Anchorage Municipality
Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

Anchorage Municipality

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