Vermont/Vermont Mun Bnd Bnk's Bonds Raised to 'AA+' and 'A+' Sep 00
- ID: 2084473
- September 2000
- Region: Vermont
- Standard & Poors
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 Mun Bnd Bank
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