Henderson, NV's Structural Budgetary Imbalance Cuts GO Debt Rating To 'AA', Outlook Is Negative Dec 11
- Language: English
- Published: December 2011
SAN FRANCISCO (Standard & Poor's) July 30, 2007--Standard & Poor's Ratings Services raised its underlying rating (SPUR) on Henderson, Nev.'s GO debt to 'AA+' from 'AA'. The raised rating reflects the city's very strong economic growth and continued strong financial operations including consistent general fund surpluses, substantial financial flexibility, and low debt burden. In addition, Standard & Poor's assigned its 'AA+' rating to Henderson's $29.9 million GO water and sewer refunding bonds, series 2007. The outlook is stable. "Henderson's very strong increases in assessed valuation and revenues were aided by positive regional growth patterns and very strong and stable local gaming and tourism trends," said Standard & Poor's credit analyst Paul Dyson. "We expect that the city will continue to...
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