• SELECT SITE CURRENCY
Select a currency for use throughout the site
Summary: Anchorage Municipality, Alaska; General Obligation Mar 10
Standard & Poors, March 2010
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: New Rating
Action: Outlook: Stable
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.
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.