Summary: Nevada; Appropriations; General Obligation Oct 11

Standard & Poors, October 2011

Abstract
Standard & Poor's Ratings Services assigned its 'AA' long-term rating to Nevada's: $106.29 million limited-tax general obligation (GO) refunding bonds, series 2011A; $5.41 million limited-tax GO refunding bonds, series 2011B; $39.44 million limited-tax GO refunding bonds, series 2011C; $28.39 million limited-tax GO refunding bonds, series 2011D; $16.795 million limited-tax GO refunding bonds, series 2011E; $2.765 million limited-tax GO bonds, series 2011F; $10.00 million limited-tax GO refunding bonds, series 2011G; and $15.08 million limited-tax GO refunding bonds, series 2011H. In addition, we affirmed our 'AA' rating and underlying rating (SPUR) on Nevada's existing GO debt. We simultaneously affirmed our 'AA-' long-term rating and SPUR on the state's appropriation-backed certificates of participation. The outlook on all ratings is stable. The 'AA' ratings...

Companies mentioned in this report are:
- Nevada

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

Nevada

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