Summary: Vermont; General Obligation, Moral Obligation; General Obligation, State GO Nov 99

Standard & Poors, November 1999

Abstract
(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: Vermont
Action: Affirmed

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Vermont

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