TITLE

S. Carolina AAA at Risk, S&P Warns

AUTHOR(S)
DeSue, Tedra
PUB. DATE
February 2005
SOURCE
Bond Buyer;2/24/2005, Vol. 351 Issue 32077, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article accesses the risk associated with the AAA bond rating of South Carolina. South Carolina Governor Mark Sanford's proposal to lower the state's income tax rate did not sit well with analysts at Standard & Poor Corp.'s, prompting them late Tuesday to put the state's AAA bond rating on creditwatch with negative implications. Like other states in the Southeast, South Carolina's revenues are generated mainly by income and sales taxes. Standard & Poor's said it is concerned about the long-term impact of a substantial loss in income tax revenue under the proposal.
ACCESSION #
16235746

 

Related Articles

  • Southeast BOND-WATCH. Sigo, Shelly; Vadum, Matthew; Ackerman, Andrew // Bond Buyer;12/22/2005, Vol. 354 Issue 32284, p27 

    The article presents news items related to bond issues across the United States as of December 22, 2005. Standard & Poor's changed its rating on the revenue debt issued by Tuscaloosa County for Stillman College in Alabama. Judge Janet Ferris validated the sale of about $500 million of Everglades...

  • S&P lifts California to A-Plus On Rosier Revenue Projections. Saskal, Rich // Bond Buyer;5/18/2006, Vol. 356 Issue 32384, p1 

    The article reports on the upgrade of the general obligation bond rating of the state of California by Standard & Poor's Corp. The bond rating of the state was raised from A to A-plus after Governor Arnold Schwarzenegger declared a total revenue of 7.5 billion dollars. With the new rating,...

  • Washington State Tax Revenues Slump Even Worse in Latest Forecast. Saskal, Rich // Bond Buyer;3/23/2009, Vol. 367 Issue 33084, p6 

    The article reports on the tax revenue forecast of Washington as of 2009-2011. According to the state's Economic and Revenue Forecast Council, the state economy has weakened and its general fund will bring $27.9 billion of revenue on the next two budget years. Moreover, the general obligation...

  • New Jersey Qualified Bond Act Program Lowered to A-Minus by S&P.  // Bondbuyer.com;9/11/2014, p24 

    The article reports on A-minus rating given by Standard & Poor's Rating Services for bonds secured by New Jersey's Qualified Bond Act program which was removed from CreditWatch where they had been placed with negative implications on June 3, 2014.

  • S&P warning fails to shake plans for next Eurobond.  // MEED: Middle East Economic Digest;6/23/2000, Vol. 44 Issue 25, p22 

    Reports on the decision of the Lebanese government to push through with its planned international debt issue despite the United States credit ratings agency Standard & Poor's (S&P) to place the sovereign ratings on negative credit watch. Total debt to be issued at a fixed rate; Joint managers...

  • Downgrade fails to hurt Santa Ana deal. Jacobius, Arleen // Bond Buyer;05/08/98, Vol. 324 Issue 30389, p40 

    Reports that Standard & Poor's downgraded the $8.1 million of refunding bonds the Santa Ana, California Financing Authority sold for the city's redevelopment agency. Slight impact of the downgrade on the bond's performance; Downgrade of one of the three series of bonds sold on May 6, 1998 for...

  • Minnesota Orchestra Credit Stabilizes Post Lockout. Shields, Yvette // Bondbuyer.com;12/23/2014, p37 

    The article reports on the stable outlook issued by Standard & Poor's Rating Services for the Minnesota Orchestral Association as of December 23, 2014.

  • S&P rates Calif. transportation grant notes. Kinnander, Ola // Bond Buyer;10/06/99, Vol. 330 Issue 30741, p6 

    Reports on the rating assigned by Standard & Poor's Corp. to $32 million in notes that represent the first short-term issue to be backed solely by future federal, state, and local transportation grants in California.

  • Standard & Poor's cuts debt ratings.  // Modern Healthcare;4/15/96, Vol. 26 Issue 16, p56 

    Reports that Standard & Poor Corp. has lowered bond ratings of several companies.

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