- Published: May 2012
Summary: Monroe, Washington; Note Jan 12
- Published: January 2012
- Standard & Poors
Standard & Poor's Ratings Services affirmed its 'SP-1+' rating on Monroe, Wash.'s series 2010 limited-tax general obligation (LTGO) bonds. The rating reflects our view of: The city's covenant to repay principal and interest prior to maturity with general obligation (GO) bonds, additional notes, or any legally available funds; The city's "low" market risk profile; and Our 'A+' rating on the city's GO debt. We have assigned the city a market risk profile score of "low," indicating our view that there is a low likelihood that the market liquidity of the obligor's debt would be weaker than that suggested by the long-term rating on its planned takeout bonds. The bonds are structured with two maturities, one in 2012 and the other...
Companies mentioned in this report are: Monroe
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