• 1-800-526-8630U.S. (TOLL FREE)
  • 1-917-300-0470EAST COAST U.S.
  • +353-1-416-8900REST OF WORLD

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:
- Nevada

Action: New Rating
Action: Upgraded

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 READ MORE >

Note: Product cover images may vary from those shown


Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown


Our Clients

Fluidigm Corporation Apple, Inc. CEVA Santé Animale Abbott Laboratories Ltd. Merck Group Allergan Inc. Pfizer, Inc.