- Language: English
- Published: December 2012
- Region: Taiwan
Washington; General Obligation Jan 07
- Published: January 2007
- Region: Washington
- Standard & Poors
Standard & Poor's Ratings Services revised its outlook to positive from stable and affirmed its 'AA' rating on Washington's $10.7 billion in outstanding GO and motor vehicle fuel tax (MVFT) GO debt. In addition, Standard & Poor's assigned its 'AA' rating to Washington's $367.7 million various purpose GO refunding bonds, series 2007C, $402.4 million MVFT GO refunding bonds, series 2007D, and $16.2 million MVFT GO bonds, series 2007E. The outlook revision reflects the state's sustained economic expansion and robust revenue performance, which is translating into a much improved budget and financial position. The outlook also reflects the state's proposed move to formalize its rainy day fund (RDF) reserve, which will provide for increased financial stability in times of future economic...
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