Business Trends: Government Technology - Understanding Your Government Customer 2006 (Customer Focus)
- Published: May 2008
The rating on West Virginia's GO state road bonds series 2001 reflects: Sound financial management, including consistently balanced general fund budgets and sufficient financial reserves to meet likely contingencies; A moderate debt burden; and Steady progress reducing unfunded accrued trust fund liabilities. Offsetting rating factors include the state's below-average per capita wealth and income levels and a cyclical economic base lacking deep diversity. The state's economy has lagged national growth measures for the past few years, a trend that is projected to continue. For the fiscal year ended June 30, 2000, the state achieved a $72 million general fund operating surplus after transfers bringing unrestricted reserves, including the rainy day fund, to $336 million--equal to 7.16% of general fund disbursements....
Companies mentioned in this report are: West Virginia
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: Full Analysis
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