Moody's Gi\es Arizona a Stable Aa3, the State's First Issuer Rating

Watts, Jim
March 2005
Bond Buyer;3/16/2005, Vol. 351 Issue 32091, p29
Trade Publication
Reports on the aAa3 issuer rating assigned by Moody's Investors Service Inc. to Arizona based on the state's long-term trend of economic growth and diversification. Claim that the state never had a statewide general obligation (GO) debt rating because it cannot issue GO debt; Prohibition of the state from issuing GO debt under the state constitution; Lease debt of the state issued by the Arizona School Facilities Board.


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