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Vermont/Vermont Mun Bnd Bnk's Bonds Raised to 'AA+' and 'A+' Sep 00 Product Image

Vermont/Vermont Mun Bnd Bnk's Bonds Raised to 'AA+' and 'A+' Sep 00

  • Published: September 2000
  • Region: Vermont
  • Standard & Poors

FEATURED COMPANIES

  • Vermont
  • Vermont Mun Bnd Bank
  • MORE

Abstract
NEW YORK (Standard & Poor's CreditWire) Sept. 12, 2000--Standard & Poor's today raised its rating on Vermont's $515.4 million GO bonds to double-'A'-plus from double-'A'. The outlook is stable. In conjunction with this rating revision, Standard & Poor's also raised its underlying rating to single-'A'-plus from single-'A' on Vermont Municipal Bond Bank's bonds, issued for Vermont and itself, as follows: -- $365.49 million GO bonds, -- $64.46 million GO refunding bonds 1998 series 1 and 1998 series 2, -- $8.84 million refunding bonds series 1999A, -- $42.39 million GO bonds series 1991-1, and -- $48.55 million GO bonds 1 series 2000. Vermont's upgrade is based on: -- A strong capital planning focus that concentrates on utilizing current surpluses for capital...

Companies mentioned in this report are:
- Vermont
- Vermont Mun Bnd Bank

Action: Upgraded

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 READ MORE >

- Vermont
- Vermont Mun Bnd Bank

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