South Dakota Conservancy District; State Revolving Funds/Pools May 12
Standard & Poors, May 2012
Abstract
Standard & Poor's Ratings Services assigned its 'AAA' rating, with a stable outlook, to the South Dakota Conservancy District's series 2012A and 2012B state revolving fund program bonds. We have also affirmed the district's 'AAA' long-term rating on various bond issues outstanding. The 'AAA' long-term rating on the district's state revolving fund program bonds reflects the combination of very strong enterprise risk and financial risk scores, resulting from: A market position reflective of support from multiple level of government that creates a growing equity position, Collateralization levels that enable the program to absorb a very high level of borrower defaults, resulting in an extremely strong loss coverage score, Extremely low historical levels of borrower defaults and delinquencies, and Generally strong...
Companies mentioned in this report are: South Dakota Conservancy Dist
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: Full Analysis
South Dakota Conservancy Dist
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