- Language: English
- Published: October 2012
Oregon; General Obligation Feb 12
- Published: February 2012
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA+' long-term rating to Oregon's series 2012 D, E, F and G general obligation (GO) bonds. In addition, Standard & Poor's affirmed its 'AA+' long-term and underlying rating (SPUR), and 'AA+/A-1' rating on the state's GO debt outstanding. The short-term ratings reflect the liquidity ratings of the banks providing liquidity support to the state's various variable rate demand obligation bonds (Bank of Tokyo-Mitsubishi UFJ Ltd. and U.S. Bank N. A.). The outlook, where applicable, is stable. The ratings reflect our view of the state's: Demonstrated willingness to make revenue and expenditure adjustments to correct structural imbalances; Constitutional and statutory mechanisms to capitalize "rainy day" funds; Strong financial policies and practices, including institutionalized quarterly...
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