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Buffalo County, NE's Strong Cash Position, Additional Cash Reserves For General Operations Lift GO Debt Rating To 'A+' Jun 11
Standard & Poors, June 2011
Abstract
CHICAGO (Standard & Poor's) June 17, 2011--Standard & Poor's Ratings Services raised its underlying rating (SPUR) on Buffalo County, Neb.'s general obligation (GO) debt one notch to 'A+' from 'A' based on Standard & Poor's assessment of the county's strong cash position and additional cash reserves available for general operations in the inheritance fund. The outlook is stable. 'We believe management will likely continue to take the necessary steps to maintain balanced operations and, what we consider, strong cash reserves while maintaining sizable reserves in the inheritance fund,' said Standard & Poor's credit analyst Linda Merus. 'We do not think we will change the rating within the stable outlook's two-year parameter because we believe the district will likely preserve cash...
Companies mentioned in this report are: Buffalo Cnty
Action: Outlook: Stable
Action: Upgraded
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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