- Language: English
- Published: July 2013
- Region: Ohio
Summary: Nevada; Appropriations; General Obligation Jun 06
- ID: 2087118
- June 2006
- Region: Nevada
- Standard & Poors
Standard & Poor's Ratings Services raised its rating and underlying rating (SPUR) to 'AA+' from 'AA' on the state of Nevada's GO bonds, reflecting the gradual diversification of the state's revenue base and the recently adopted statutory provisions for rainy day fund (RDF) replenishment. In addition, the 2005-2007 budget further demonstrates a commitment to reserve replenishment by making additional appropriations to the reserve during the current period of very strong revenue growth, which continues to exceed projections. Standard & Poor's also assigned its 'AA+' rating to Nevada's series 2006 A-D GO bonds. The rating reflects: A growing, although heavily tourist-reliant, economic base; Strong financial management, with a demonstrated commitment to maintaining and replenishing reserves; A diversifying trend in the state...
Companies mentioned in this report are:
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.
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. SHOW LESS READ MORE >