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Summary: Nevada; Tax Secured, General Obligation May 01

  • ID: 2085506
  • May 2001
  • Region: Nevada
  • Standard & Poors

The rating on Nevada's general obligation bonds reflects the state's: Rapidly growing, but heavily concentrated, economic base; Strong financial management with a solid financial position; and Moderate, but growing, debt coupled with strong pay-as-you-go financing efforts. Nevada, with a population of 2.03 million, is the nation's fastest-growing state, with the population increasing nearly 30% in the past five years and employment and income growing at nearly an 8% annual rate. Statewide property values continue to show rapid growth, increasing 8.4% in fiscal 2001 to about $49.7 billion - - a 45.9% increase in the past five years. While the state's economy remains heavily dependent on gaming and tourism, which account directly for about 24% of employment, the state has continued...

Companies mentioned in this report are:
- Nevada

Action: New Rating

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 READ MORE >

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