- Language: English
- Published: November 2012
- Region: Hungary
Summary: Indiana; General Obligation Jun 11
- Published: June 2011
- Region: Indiana
- Standard & Poors
Standard & Poor's Ratings Services has affirmed its 'AAA' issuer credit rating (ICR) on Indiana, reflecting our opinion of the state's: Diversifying economic base, but not insulated from the effects of the most recent recession, given its continued manufacturing concentration; Biennium budget that maintains a solid level of reserves going into the next budget cycle; Very active budget management with practices that have been consistently applied to maintain sound reserve levels, including the willingness of the administration to use its power to unallot appropriations and implement a lower cost structure; and Low overall debt levels. Management continues to demonstrate a commitment to balanced operations. In April 2011, the state passed the fiscal 2012 and 2013 (June 30) biennium budget, which...
Companies mentioned in this report are: Indiana
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.
SHOW LESS READ MORE >