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'A+' Rating Assigned To Hermiston, OR's GO Bonds, Reflecting Growing Economy, Strong Tax Base Oct 11
Standard & Poors, Oct 2011
Abstract
SAN FRANCISCO (Standard & Poor's) Oct. 7, 2011-- Standard & Poor's Ratings Services assigned its 'A+' long-term rating to Hermiston, Ore.'s series 2011 general obligation bonds. The outlook is stable. 'The rating reflects our view of the city's long-term economic growth, coupled with a declining unemployment rate and strong tax base,' said Standard & Poor's credit analyst Andrew Magee. 'Further supporting the rating is our view of the city's very strong reserves,' Mr. Magee added. RELATED CRITERIA AND RESEARCH USPF Criteria: GO Debt, Oct. 12, 2006 USPF Criteria: Key General Obligation Ratio Credit Ranges - Analysis Vs. Reality, April 2, 2008...
Companies mentioned in this report are: Hermiston
Action: New Rating
Action: Outlook: Stable
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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