Summary: Oregon Oregon Department Of Administrative Services; Appropriations Sep 09
- ID: 1806845
- September 2009
- Region: Oregon
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA-' rating, with a stable outlook, to the State of Oregon's series 2009D refunding certificates of participation (COP), issued on behalf of the Oregon Department of Administrative Services. The certificates have an interest in loan payments by the state. The payments are special limited obligations of the state payable solely from funds appropriated or otherwise made available by the legislature during the biennial period in which payments are due. It is our understanding that proceeds will refund all or a portion of the state's series 1999A and 2001A COPs. For more information on our opinion of the state's appropriation credit profile, please see "Oregon; Oregon Department of Administrative Services; Appropriations," published Sept. 23,...
Companies mentioned in this report are:
- Oregon Dept of Admin Svcs
Action: New Rating
Action: Outlook: Stable
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