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West Virginia's GO State Road Bonds Series 2001 Rated 'AA-'; Outlook Stable Jun 01 Product Image

West Virginia's GO State Road Bonds Series 2001 Rated 'AA-'; Outlook Stable Jun 01

  • Published: June 2001
  • Region: Virginia, West Virginia
  • Standard & Poors

Abstract
NEW YORK (Standard & Poor's CreditWire) June 21, 2001Standard & Poor's today assigned its double-'A'-minus rating to West Virginia's $110 million GO state road bonds series 2001 due June 1, 2021. The bonds are scheduled to sell June 26, 2001. The outlook is stable. In addition, Standard & Poor's affirmed its double-'A'-minus rating and underlying rating (SPUR) on the state's outstanding GO debt. The rating 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....

Companies mentioned in this report are:
- West Virginia

Action: New Rating

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- West Virginia

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