S&P Gives Florida GOs A Triple-A

Sigo, Shelly
February 2005
Bond Buyer;2/28/2005, Vol. 351 Issue 32079, p1
Trade Publication
This article reports that Florida became a American Automobile Association rated state on when Standard & Poor's Corp. upgraded more than $11 billion of outstanding general obligation debt from AA-plus. Standard & Poor's said its upgrade was based on the state's strong and conservative financial and budget management practices, coupled with substantial budget reserves and economic trends that have been among the strongest nationally. The rating applies to the state's uniquely structured, double-barreled General Obligations that have dedicated revenue streams backed by a full faith and credit pledge, which applies to state board of education capital outlay bonds, right of way acquisition and bridge construction bonds, and public education capital outlay bonds.


Related Articles

  • S&P Gives High Underlying Rating To $179M of Military Housing Debt. Ackerman, Andrew // Bond Buyer;2/5/2007, Vol. 359 Issue 32561, p5 

    The article focuses the issue on the taxable $178.9 million Department of Defense military housing certificates of participation transaction in Washington, D.C. The Standard & Poor's Corp. designated strong underlying ratings for this deal. It was sold to finance the construction or renovation...

  • Solid Huntsville Debt. Sigo, Shelly // Bond Buyer;3/3/2005, Vol. 351 Issue 32082, p31 

    The article reports that Standard & Poor's Corp. has raised its underlying rating on Huntsville's solid-waste revenue bonds one notch to A plus from A, based on improved financial operations due primarily to strong liquidity levels. The sale refunded a portion of Series 1990 bonds on behalf of...

  • IMPROVE A LOCAL GOVERNMENT'S GENERAL OBLIGATION BOND RATING.  // Public Management (00333611);Jan2008, Vol. 90 Issue 1, p42 

    The article offers tips from Standard & Poor's Corp. on how to improve the general obligation (GO) bond rating of a local government. It suggests to establish budget stabilization reserves. It recommends to review economic and revenue trends to identify potential budget problems. It also...

  • Only Economic Growth Can Fund Puerto Rico Long-Term Costs: Report.  // Bondbuyer.com;11/ 7/2014, p28 

    The article provides information on a report published by credit risk rating provider Standard & Poor's Ratings Services which attributed Puerto Rico's credit problems to economic trends. It cites the need for the nation's economy to grow for it to be able to manage long-term costs such as...

  • Froedtert Upgraded. Shields, Yvette // Bond Buyer;4/27/2005, Vol. 352 Issue 32120, p35 

    The article informs that Standard & Poor's last week upgraded Froedtert & Community Health's credit to AA-minus from A-plus as the hospital group readies a $275 million sale for next month. Standard & Poor's action follows Fitch Ratings, which earlier this month bumped Froedtert up to the same...

  • S&P Is Watching. DeSue, Tedra // Bond Buyer;3/3/2005, Vol. 351 Issue 32082, p31 

    The article informs about South Carolina's Standard & Poor's Corp. Standard & Poor's rates the agencies' debt AA-plus. The state's aid intercept program, which provides a credit enhancement for school district debt, was also put on CreditWatch. Standard & Poor's warns that such a move in the...

  • S&P downgrade of Czech currency rating seen as long-term warning. Carey, Nick // Prague Business Journal;11/11/2002, Vol. 7 Issue 43, p22 

    Reports on decision by the Standard & Poor's Corp. to lower the Czech Republic's long-term local currency ratings. Demand for government bonds; Budgetary reform proposals; Government's deficit projections; Privatization revenues.

  • S&P Outlook on Arizona Turns Negative; Reserve Fund Cited. Williamson, Richard // Bond Buyer;6/24/2002, Vol. 340 Issue 31414, p3 

    Forecasts the budget deficit by the Standard & Poor's in Arizona. Impact of fuel taxes on revenue bonds; Issuance of the general obligation bonds; Source of financing for capital projects.

  • New Mexico to Borrow $300 Million As Lawmakers Grapple With Budget. Williamson, Richard // Bond Buyer;12/2/2002, Vol. 342 Issue 31523, p48 

    Reports that New Mexico will sell 300 million dollars of routine tax and revenue anticipation notes as of December 3, 2002. Ratings agency Standard & Poor's Corp.'s rating of the deal; Ratings of other agencies of the deal; Prevailing economic situation in the state.


Read the Article


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

Try another library?
Sign out of this library

Other Topics