Nevada's GO Bonds Assigned 'AA' Rating Oct 11
- ID: 2085690
- October 2011
- Region: Nevada
- Standard & Poors
SAN FRANCISCO (Standard & Poor's) Oct. 11, 2011--Standard & Poor's Ratings Services assigned its 'AA' long-term rating to Nevada's: $106.29 million limited-tax general obligation (GO) refunding bonds, series 2011A; $5.41 million limited-tax GO refunding bonds, series 2011B; $39.44 million limited-tax GO refunding bonds, series 2011C; $28.39 million limited-tax GO refunding bonds, series 2011D; $16.795 million limited-tax GO refunding bonds, series 2011E; $2.765 million limited-tax GO bonds, series 2011F; $10.00 million limited-tax GO refunding bonds, series 2011G; and $15.08 million limited-tax GO refunding bonds, series 2011H. In addition, we affirmed our 'AA' rating and underlying rating (SPUR) on Nevada's existing GO debt. We simultaneously affirmed our 'AA-' long-term rating and SPUR on the state's appropriation-backed certificates of participation. The outlook on...
Companies mentioned in this report are:
Action: New Rating
Action: Outlook: Stable
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 factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article. SHOW LESS READ MORE >