- Published: May 2012
- Region: New Jersey, United States
Summary: Monroe, Washington; General Obligation; Note Jul 12
- Published: July 2012
- Region: Washington
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'SP-1+' short-term rating to Monroe, Wash.'s series 2012 limited-tax general obligation (LTGO) bonds. Standard & Poor's also affirmed its 'A+' issuer credit rating (ICR) on the city and 'SP-1+' short-term rating on the city's series 2010 LTGO bonds. The outlook on the ICR is stable. The 'SP-1+' rating reflects our view of: The city's covenant to levy property taxes within statutory limitations and use all legally available money to pay principal and interest so long as the bonds are outstanding; Legal provisions that identify as an option the issuance of refunding bonds to retire the series 2012; The city's "low" market risk profile; and Our 'A+' rating on the city's GO debt. The...
Companies mentioned in this report are: Monroe
Action: New Rating
Action: Outlook: Stable
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