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SPUR On Henderson, NV's GO Debt Raised To 'AA+' On Strong Economic Growth Jul 07 Product Image

SPUR On Henderson, NV's GO Debt Raised To 'AA+' On Strong Economic Growth Jul 07

  • ID: 2032004
  • July 2007
  • Standard & Poors

Abstract
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...

Companies mentioned in this report are:
- Henderson

Action: New Rating
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.

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- Henderson

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Note: Product cover images may vary from those shown

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