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Nevada's GO Bonds Rated 'AA'; Ratings Affirmed on Outstanding GO Bonds Aug 01
Standard & Poors, August 2001
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...
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Action: New Rating
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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.