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S&P Rts Puerto Rico's $336M GO Bnds `A';$4.16B Outst Jan 98. Edition No. 1
Standard & Poors, Jan 1998, Pages: 224
Abstract
NY -- Standard & Poor's CreditWire 1/13/98 -- Standard & Poor's today assigned its single-`A' rating to Puerto Rico's $336 million G.O. refunding bonds series 1998 dated Feb. 1, 1998 due Feb. 1, 2023. The bonds are scheduled to sell Jan. 14, 1998. At the same time, Standard & Poor's affirmed its single-`A' rating on the commonwealth's outstanding $4.04 billion G.O. bonds. The single-`A' rating on the Commonwealth of Puerto Rico's G.O. bonds reflects sustained moderate economic growth, adequate financial performance that has improved over the past three years, low wealth indicators, and high but manageable debt levels, offset by strong capital needs and a large unfunded pension liability. Economic indicators all show positive signs. Led by the construction, trade,...
Companies mentioned in this report are: Puerto Rico
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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