Alaska; Appropriations; General Obligation; Moral Obligation Nov 10
- ID: 2042096
- November 2010
- Region: Alaska
- Standard & Poors
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...
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Action: New Rating
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