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S&P Credit Research3211 word report
published Nov 03, 2009
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S&P Credit Research
| Abstract: | Standard&Poor's Ratings Services assigned its 'AA+' rating to the State of Nevada's general obligation (GO) bonds series 2009A-E and affirmed its 'AA+' rating on the state's existing GO bonds. The rating reflects our view of the state's: A willingness to address its budget gap with timely budget balancing measures that included the implementation of revenue increases during the 2009 legislative session and spending cuts such as employee furloughs; Prudent reserve management, including budgeting for a 5% general fund reserve as well adjustments that we consider strengthening to the statutory rainy day reserve requirement; A level of debt that we consider low and long-term liability management such as a reduction in benefits for retiree health care and pension benefits
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| Brief Excerpt: | RESEARCH Ratings Definitions Nevada; Appropriations; General Obligation Publication date: 03-Nov-2009 Primary Credit Analyst: Ian Carroll, San Francisco (1) 415-371-5060; ian_carroll@standardandpoors.com Secondary Credit Analyst:...
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| Report Type: | Full Report
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| Issuer: | Nevada
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| Sector: | Public Finance
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| Country: | United States
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| Region: | United States
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
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- Summary: Nevada; Appropriations; General Obligation $175.00
Standard&Poor's Ratings Services assigned its 'AA+' rating to the State of Nevada's general obligation (GO) bonds series 2009A-E and affirmed its 'AA+' rating on the state's existing GO bonds. The rating reflects our view of the state's: Willingness ...
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- Nevada; Gas Tax; General Obligation $400.00
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Standard&Poor's Ratings Services assigned its 'AA+' rating to Nevada's $135 million highway improvement revenue bonds (motor vehicle fuel tax), series 2008. In addition, Standard&Poor's affirmed its 'AA+' rating on the state's outstanding highway ...
- Summary: Nevada; General Obligation $175.00
Standard&Poor's Ratings Services assigned its 'AA+' rating to the State of Nevada's $22.5 million series 2008A and $10 million 2008B limited tax GO bonds. At the same time, Standard&Poor's affirmed its 'AA+' rating and underlying rating (SPUR) ...
- Summary: Nevada; Gas Tax $175.00
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