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Summary: Oregon; Public Finance Structured, Liquidity Facility Apr 04 Product Image

Summary: Oregon; Public Finance Structured, Liquidity Facility Apr 04

  • ID: 1806987
  • April 2004
  • Region: Oregon
  • Standard & Poors

Abstract
The rating on Oregon general obligation bonds (Oregon Department of Veterans Affairs) series 1973E has been affirmed. The long-term component of the rating is based on the credit quality of the state of Oregon. The short-term component of the rating is based on the credit quality of the liquidity provider, JP Morgan Chase Bank, which is extending its liquidity facility to June 22, 2004. The rating on Oregon general obligation bonds (Oregon Department of Veterans Affairs) series 1973G has been affirmed. The long-term component of the rating is based on the credit quality of the state of Oregon. The short-term component of the rating is based on the credit quality of the liquidity providers, JP Morgan Chase Bank and Bayerische...

Companies mentioned in this report are: Oregon
Action: Affirmed

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.

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Oregon

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