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S&PCORRECT: Nevada's Limited-Tax GO Bonds Rated 'AA' on Growing Economic Base Aug 03

  • ID: 2086473
  • August 2003
  • Region: Nevada
  • Standard & Poors
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(Editor's note: The sale date for these bonds was reported incorrectly in the original version of this release. It has been corrected in the first paragraph below.) SAN FRANCISCO (Standard & Poor's) Aug. 28, 2003--Standard & Poor's Ratings Services today announced that it has assigned its 'AA' rating on Nevada's $136.2 million limited-tax GO bonds, series 2003C-2003F, slated to sell on Sept. 3, 2003. The rating reflects a growing, although heavily tourist reliant, economic base; strong financial management; and moderate but growing debt. The outlook is stable. "Nevada is one of the fastest-growing states in the nation," said Standard & Poor's credit analyst Gabriel Petek. "The state's strongest job growth is occurring in construction, health services, and government, which includes...

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
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