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...
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Action: New Rating
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