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Allegheny County, PA's GO Bonds Rated 'AA-'; Outlook Stable Nov 00
Standard & Poors, Nov 2000
Abstract
NEW YORK (Standard & Poor's CreditWire) Nov. 28, 2000-- Standard & Poor's assigned its double-'A'-minus rating to Allegheny County, Pa.'s $29 million GO refunding bonds series C-53 due Nov. 1, 2020, and $41 million GO bonds series C-52 due Nov. 1, 2020. The bonds are scheduled to sell Nov. 29, 2000. The outlook is stable. In addition, Standard & Poor's affirmed its double-'A'-minus rating on the county's $253.35 million GO bonds and its double-'A'-minus underlying rating (SPUR) on the county's $130.45 million GO bonds series C-47 and C-48 due Oct. 1, 2001-2014, 2016, and 2019, and $54.5 million GO refunding bonds series C-49 due April 1, 2001-2009. The bonds are secured by the county's full faith and credit GO pledge....
Companies mentioned in this report are: Allegheny Cnty
Action: New Rating
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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