TITLE

Moody's Upgrades Idaho to Aa2, Cites 'Strong Financial Management'

AUTHOR(S)
Saskal, Rich
PUB. DATE
December 2004
SOURCE
Bond Buyer;12/23/2004, Vol. 350 Issue 32036, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on Moody's Investors Service Inc. which raised Idaho's issuer credit rating to Aa2 from Aa3 on December 22, 2004. Moody's credited Idaho's "strong financial management" for navigating the state through a recession and creating a financial cushion to withstand next year's expected one percent rollback of the state's sales tax to 5% from 6%. Although Idaho has no general obligation debt, the upgrade immediately raised the state's appropriation-backed lease rental debt issued by the Idaho State Building Authority to Aa3 from A1.
ACCESSION #
15479657

 

Related Articles

  • INDIANA: Methodist Stays the Same. Devitt, Caitlin // Bond Buyer;12/19/2007, Vol. 362 Issue 32777, p9 

    The article reports that Moody's Investors Service Inc. has affirmed the Ba1 rating and negative outlook on roughly $77.7 million of outstanding debt issue for Methodist Hospital in Lake County, Indiana. The report noted that the revenue of Methodist's two hospitals, which make up the obligated...

  • N.Y. County Sales Tax Increases a Credit Positive: Moody's. Coen, Andrew // Bondbuyer.com;2/02/2015, p34 

    The article reports that credit rating agency Moody's Investors Service has made positive outlook for the counties in New York on February 2, 2015 as a result of the increase in sales tax (ST) collections for the second half of 2014. Topics covered include the decline in ST cuts of Nassau...

  • Moody's Gives Glendale Stable Outlook at A3. Williamson, Richard // Bondbuyer.com;10/ 2/2014, p1 

    Moody's Investors Service has shifted the outlook on its A3 rating of Glendale, Ariz., to stable from negative, citing continued improvement and solid liquidity.

  • Moody's Downgrades Erie County, N.Y., to Baal From A3. Whalen, Robert // Bond Buyer;3/28/2005, Vol. 351 Issue 32098, p44 

    Reports on the rating given by Moody's Investor Services to Erir County, New York. Placement of the credit on watch for possible further negative action; Impact of the rating on the outstanding general obligation debt.

  • Heavy debt, rising costs hurting city, report says. Stuart // New Orleans CityBusiness (1994 to 2008);09/20/99, Vol. 20 Issue 13, p1 

    Focuses on credit rating agency Moody's Investor Service's report on the debt status of New Orleans, Louisiana. Examination of the strengths and weaknesses present in the city's economy and finances; Stable outlook for credit ratings of bonds issued by the city; Factors that tempered the...

  • Long Beach, N. Y., Off Moody s Watch.  // Bond Buyer;10/31/2005, Vol. 354 Issue 32249, p2 

    Reports that the Moody's Investors Service Inc. has confirmed the rating on general obligation debt and removed the credit from watch lists for possible downgrade in Long Beach, New York.

  • Moody's Lifts Piedmont Power to Baa2. DeSue, Tedra // Bond Buyer;4/5/2006, Vol. 356 Issue 32354, p4 

    The article reports on the upgrade of Piedmont Municipal Power Agency's more than $1 billion of debt to Baa2 from Baa3 by Moody's Investors Service. The agency's healthy reserves and some lessening of Piedmont's competitive disadvantage are the major factors being considered in the upgrade.

  • Moody's Downgrades Eastlake, Ohio's $17 Million of Debt, Citing Deficit. Carvin, Elizabeth // Bond Buyer;5/10/2004, Vol. 348 Issue 31880, p7 

    Reports that Moody's Investors Service downgraded debt issued by Eastlake, Ohio, the second downgrade for the city since it sold notes to fund construction of a minor-league baseball stadium. Drop in collection of the city's municipal income tax added to deficit; Moody's reservations about...

  • Geneva CSD, N.Y., Cut to A3 by Moody's.  // Bond Buyer;1/7/2004, Vol. 347 Issue 31795, p2 

    Reports on the assignment of A3 rating to Geneva City School District by Moody's Investors Service Inc. in New York. Estimation of the parity debt; Construction of middle school; Increase of debt burden resulting in fixed debt service payments.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics