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California's GO and GO Refunding Bonds Rated 'AA'; Outlook Stable Nov 00
Standard & Poors, Nov 2000
Abstract
NEW YORK (Standard & Poor's CreditWire) Nov. 22, 2000--NY -- Standard & Poor's CreditWire 11/22/00 -Standard & Poor's today assigned its double-'A' rating to California's GO bonds and GO refunding bonds dated Dec. 1, 2000 due Dec. 1, 2001-2030 and 2001-2014. The bonds are scheduled to sell Nov. 29, 2000. The outlook is stable. Standard & Poor's also affirmed its double-'A' rating on various bonds issued by the state (see list below). The rating reflects the state's: -- Strong, diversified, and growing economy, which has demonstrated resilience in light of weaknesses in Asia -- a key export market that is now benefiting from an economic rebound; -- Two years of positive GAAP general fund balances through fiscal 1999 after many...
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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