|
|
 |
|
Viewing report
|
|
|
|
California's Veterans Affairs Bonds Rated 'AA-' Jun 01
Standard & Poors, June 2001
Abstract
SAN FRANCISCO (Standard & Poor's CreditWire) June 4, 2001--Standard & Poor's has assigned its double-'A'-minus rating to California's $42.00 million veterans GO bonds series BX-1, issued for the California Department of Veterans Affairs. The bonds are scheduled to sell on June 7, 2001. In addition, Standard & Poor's affirmed its double-'A'-minus rating on California's outstanding veterans GO bonds and its double-'A'-minus rating on the California Department of Veterans Affairs' outstanding home purchase revenue bonds. The outlooksare stable. The double-'A'-minus ratings reflect the credit strength of the Veterans Farm and Home Building Fund of 1943 (1943 Fund). The rating on the Veterans GO bonds also incorporates the statutory nature of the 1943 Fund as a separate fund of the California state...
Companies mentioned in this report are: California
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: 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.
|
|
|
|
