S&P Corrects By Raising Ratings On Chesapeake, VA's 2003 Bonds To 'AA+' Jul 10
Standard & Poors, July 2010
Abstract
NEW YORK (Standard & Poor's) July 20, 2010--Standard & Poor's Ratings Services corrected by raising to 'AA+' from 'AA' its long-term rating and underlying rating (SPUR) on Chesapeake, Va.'s series 2003A general obligation (GO) public improvement water and sewer bonds, due June 1, 2024, and June 1, 2028; series 2003B bonds, due June 1, 2033; and series 2003 unlimited-tax GO school refunding bonds, due June 1, 2011, and June 1, 2012. The outlook is stable. In addition, Standard & Poor's corrected its rating on Virginia Public School Authority's series 1995 GO bonds, supported by Chesapeake, by raising it to 'AA+' from 'AA'. The outlook is stable....
Companies mentioned in this report are:
- Chesapeake
- Virginia Pub Sch Auth
Action: Outlook: Stable
Action: Upgraded
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.
- Chesapeake
- Virginia Pub Sch Auth
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