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Summary: Monroe, Washington; Note Jan 12 Product Image

Summary: Monroe, Washington; Note Jan 12

  • Published: January 2012
  • Standard & Poors

FEATURED COMPANIES

Abstract
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
Action: Affirmed

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 READ MORE >

Monroe

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