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California Vets GO Bonds Rated 'AA'; CA Dept of Vet Affairs Bonds Rated 'AA-' Nov 00
Standard & Poors, Nov 2000
Abstract
SAN FRANCISCO (Standard & Poor's CreditWire) Nov. 29, 2000--Standard & Poor's today assigned its double-'A' rating to California's $210.56 million veterans GO bonds series BT, BU, and BJ. In addition, Standard & Poor's assigned its double-'A'-minus rating to the Department of Veterans Affairs $97.13 million home purchase revenue bonds, series 1997C (remarketed). The bonds are scheduled to sell Dec. 6, 2000. Standard & Poor's also affirmed its double-'A' rating on California's outstanding veterans GO bonds and its double-'A'-minus rating on the department's outstanding home purchase revenue bonds. The outlook is stable. The rating on the veterans GO bonds reflects the full faith and credit of the state of California. The rating on the home purchase revenue bonds reflects the general...
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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