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Alaska; Appropriations; General Obligation; Moral Obligation Nov 10
Standard & Poors, Nov 2010
Abstract
Standard & Poor's Ratings Services assigned its 'AA+' rating, and stable outlook, to the state of Alaska's $200 million series 2010A (taxable Build America bonds-direct payment), series 2010B (taxable qualified school construction bonds- direct payment), and general obligation (GO) bonds series 2010C. At the same time, Standard & Poor's affirmed its 'AA+' rating on the state's GO bonds outstanding, which are backed by the full faith and credit of the state. Standard & Poor's also affirmed its 'AA' ratings on various bonds secured by state lease appropriation ratings, and its 'A+' rating on various bonds secured by a state moral obligation. The GO rating reflects what we view as Alaska's: Strong financial management, with very significant financial reserves and generally...
Companies mentioned in this report are: Alaska
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: Full Analysis
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