|
|
 |
|
Viewing report
|
|
|
|
California Department of Veterans' Affairs' GO Bonds Rated 'AA-'; Outlook Stable Oct 99
Standard & Poors, Oct 1999
Abstract
SAN FRANCISCO (Standard & Poor's CreditWire) Oct. 22, 1999--Standard & Poor's today assigned its double-`A'-minus rating to the California Department of Veteran Affairs' $60 million GO bonds series BJ, issued for California. The outlook is stable. The bonds are scheduled to sell on Oct. 27, 1999. Additionally, Standard & Poor's affirmed its double-`A'-minus rating on the department's outstanding debt. The rating reflects the following strengths: -- Good-performing assets in the Veterans' Farm and Home Building Fund of 1943 (1943 fund), represented by contracts of purchase and investments; -- The successful implementation of programmatic changes, which effectively reduce the risk of losses for the program and help sustain the programs long-term viability; -- The resiliency of the consolidated cash flows through...
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.
|
|
|
|
