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Allegheny County, PA GO Refunding Bonds Rated 'AA-'; Outlook Revised to Stable Apr 99
Standard & Poors, April 1999
Abstract
NEW YORK (Standard & Poor's CreditWire) April 19, 1999-- Standard & Poor's today assigned its double-'A'-minus rating to Allegheny County, Pa.'s $133.81 million GO refunding bonds series C-47-49 and $56.92 million GO refunding bonds series C-50, both dated April 1, 2000 and due Oct. 1, 2014. The bonds are scheduled to sell April 26, 1999. At the same time, Standard & Poor's affirmed its double-'A'-minus rating on the county's outstanding GO debt. The outlook was revised to stable from negative. The bonds are secured by the county's full faith and credit pledge. The affirmation and outlook revision reflect: -- Corrective actions over the past three years that have restored structural balance to the operating budget, including a significant reduction in...
Companies mentioned in this report are: Allegheny Cnty
Action: Various Rating Actions
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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