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Nevada's Limited Tax GO Bonds Rated 'AA' Sep 99

Description:
Abstract
NEW YORK (Standard & Poor's CreditWire) Sept. 13, 1999-- Standard & Poor's today assigned its double-'A' rating to Nevada's limited tax GO bonds (see list below). The bonds are expected to sell Sept. 15, 1999. In addition, Standard & Poor's affirmed its double-'A' rating on Nevada's outstanding limited tax GO debt. The ratings reflect the state's: -- Rapidly growing, but heavily concentrated, economic base; -- Strong financial management with a solid financial position despite some recent softness in revenue performance; and -- Moderate, but growing, debt coupled with strong pay-as-you-go financing efforts. Nevada (population 1.96 million) is the nation's fastest-growing state, with the population increasing 29.5% in the past five years and employment and income growing at nearly an 8%...

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.
Companies Mentioned
Nevada
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