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California Dept of Veterans Affairs Upgraded, Series 1999 Bonds Rated `AA-' and `AA-/A-1+' Mar 99
Standard & Poors, March 1999
Abstract
NEW YORK (Standard & Poor's CreditWire) March 5, 1999--Standard & Poor's today assigned its double-`A'-minus rating to California Department of Veterans Affairs' $139.8 million home purchase revenue bonds series 1999A and B dated March 1, 1999, and to the department's $120 million GO veterans bonds series 1999 BQ, BR1, BR2, and BR3 dated April 1, 1999, which were issued for the state. Standard & Poor's also assigned its double-`A'-minus/`A-1'-plus ratings to the department's $ 252 million convertible obligation veterans GO bonds series 1999BJ3 and BJ4 dated April 1, 1999 due April 1, 2001, and $100 million home mortgage revenue bonds series 1997C. The revenue bonds are scheduled to sell March 17, 1999 and the GO bonds are scheduled to sell...
Companies mentioned in this report are: California Dept of Vet Affairs
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.
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