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

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

  • Published: August 2003
  • Region: Nevada
  • Standard & Poors

Abstract
(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

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Nevada

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