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California's GO Bonds & GO Refunding Bonds Rated 'AA'; Outlook Stable Oct 00
Standard & Poors, Oct 2000
Abstract
NEW YORK (Standard & Poor's CreditWire) Oct. 16, 2000-- Standard & Poor's today assigned its double-'A' rating to California's $148 million GO refunding bonds dated Oct. 1, 2000, due Oct. 1, 2011; and $850 million GO bonds dated Oct. 10, 2000, due Oct. 1, 2030. The bonds are scheduled to sell on Oct. 17, 2000. In addition, Standard & Poor's affirmed its double-'A' rating on the state's outstanding GO bonds and taxable GO bonds. Standard & Poor's also affirmed its double-'A' Standard & Poor's underlying rating (SPUR) on the state's outstanding GO bonds and GO refunding bonds. The outlook is stable. The rating reflects the state's: -- Strong, diversified, and growing economy, which has demonstrated resilience in light of weaknesses...
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.
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