Nevada's GO Bonds Rated 'AA'; Ratings Affirmed on Outstanding GO Bonds Aug 01
Standard & Poors, August 2001
Abstract
SAN FRANCISCO (Standard & Poor's) Aug. 24, 2001--Standard & Poor's today assigned its double-'A' rating to Nevada's $55.26 million, $16.2 million, and $1.56 million GO bonds series 2001A, 2001B and 2001C, respectively. The series 2001A and 2001B bonds are scheduled to sell on Sept. 19, 2001; series 2001C is scheduled to sell on Aug. 29, 2001. In addition, Standard & Poor's has affirmed its double-'A' long-term and underlying ratings (SPURs) on Nevada's outstanding limited-tax GO bonds. The outlook is stable. The rating on Nevada's GO 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...
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 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.
Nevada
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