• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Bethlehem, PA's Continued Financial Improvement Backs 'BBB' GO Debt Rating Outlook Revision To Positive Feb 13 Product Image

Bethlehem, PA's Continued Financial Improvement Backs 'BBB' GO Debt Rating Outlook Revision To Positive Feb 13

  • Published: February 2013
  • Standard & Poors

FEATURED COMPANIES

  • Bethlehem
  • Bethlehem Auth
  • MORE

Abstract
NEW YORK (Standard & Poor's) Feb. 15, 2013--Standard & Poor's Ratings Services revised the outlook on its 'BBB' long-term rating and underlying rating (SPUR) on Bethlehem, Pa.'s general obligation (GO) debt to positive from stable. The outlook revision reflects Standard & Poor's assessment of the city's continued financial improvement and management's ongoing efforts to maintain at least balanced operations, as well as to maintain or increase general fund balance. At the same time, the rating service assigned its 'BBB' long-term rating and positive outlook to the city's $5.41 million series 2013A tax-exempt GO bonds and $8.4 million series 2013B federally taxable GO refunding bonds and affirmed its 'BBB' long-term rating and SPUR on the city's existing GO debt. "We believe...

Companies mentioned in this report are:
- Bethlehem
- Bethlehem Auth

Action: Affirmed
Action: New Rating
Action: Outlook: Positive

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 READ MORE >

- Bethlehem
- Bethlehem Auth

Note: Product cover images may vary from those shown

RELATED PRODUCTS