- Language: English
- Published: December 2012
- Region: Vermont
Summary: Vermont; General Obligation, Moral Obligation; General Obligation, State GO Nov 99
- ID: 2084136
- November 1999
- Region: Vermont
- Standard & Poors
(Editor's note: Correcting incorrect deck information in Summary Analysis originally published Oct. 28, 1999.) Vermont's GO rating is affirmed. at 'AA', and the Vermont Bond Bank's rating is also affirmed at 'A'. The bond bank's rating remains one full category below the state's GO rating and is based on Vermont's moral obligation to replenish the bond bank's debt service reserves, if necessary. Vermont's moral obligation to the bond bank has never been called on. According to Standard and Poor's DRI economic reports, Vermont has emerged as one of the largest per capita exporters in the country on a per capita basis, ranking second to Washington State. However, while sluggishness in the Asian economy affected Washington, Vermont experienced just a 4%...
Companies mentioned in this report are:
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >