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Oregon; Tax Secured, General Obligation Aug 01 Product Image

Oregon; Tax Secured, General Obligation Aug 01

  • ID: 1806842
  • August 2001
  • Region: Oregon
  • Standard & Poors

Abstract
The 'AA' rating on Oregon's GO bonds is based on the state's full faith and credit pledge and reflects: The ongoing diversification of the state's economic base, Strong overall revenue performance driven by personal income taxes, and A manageable debt burden despite additional capital needs associated with the state's economic growth. Offsetting Oregon's credit strengths are increased funding pressures resulting from existing and proposed growth and tax limitation measures. Measure 50 reduced property taxes by limiting current and future assessed values (AV) and clarified the effect of the tax rollback on schools by specifically requiring the state to replace, on an ongoing basis, the revenues lost by the public school system. Measure 7, which was passed by voters in November...

Companies mentioned in this report are: Oregon
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: Full Analysis

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Oregon

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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