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

Saskal, Rich
December 2004
Bond Buyer;12/23/2004, Vol. 350 Issue 32036, p3
Trade Publication
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.


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