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S&P Credit Research1094 word report
published Feb 19, 2008
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S&P Credit Research
| Abstract: | Standard&Poor's Ratings Services assigned its 'AA' standard long-term rating, and stable outlook, to Santa Fe, N.M.'s series 2008 gross receipts tax (GRT) refunding revenue bonds and affirmed its 'AA' standard long-term rating and Standard&Poor's underlying rating (SPUR), with a stable outlook, on the city's previously issued GRT and sales tax debt. The ratings reflect the city's: History of strong debt service coverage (DSC), Strong 2x additional bonds test, and Broad range of products and services included by GRTs. The city's GRT revenue dependence on tourism and retail-oriented activities mitigates these strengths. A senior lien on pledged revenues secures the bonds. Pledged GRTs consist of: A 1.2250% state-shared GRT; A 0.5000% municipal local-option GRT; A 0.0625% infrastructure
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| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Santa Fe, New Mexico; Sales Tax Publication date: 19-Feb-2008 Primary Credit Analyst: Sussan Corson, New York (1) 212-438-2014; sussan_corson@standardandpoors.com Secondary Credit Analyst: Gabriel...
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| Report Type: | Summary
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| Issuer: | Santa Fe
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| Sector: | Global Issuers, 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.
Also from S&P Credit Research
- Santa Fe, NM's $55M Water Revenue Bonds Rated 'AA+'; Parity Debt Rating And SPUR Raised To 'AA+' $100.00
SAN FRANCISCO (Standard&Poor's) Oct. 30, 2009--Standard&Poor's Ratings Services assigned its 'AA+' rating to Santa Fe, N.M.'s $55 million water utility/capital outlay gross receipts tax revenue refunding bonds. In addition, we raised the rating ...
- Summary: Santa Fe, New Mexico; Water/Sewer $175.00
Standard&Poor's Ratings Services assigned its 'AA+' rating to Santa Fe, N.M.'s $55 million water utility/capital outlay gross receipts tax revenue refunding bonds. In addition, we raised the rating and underlying rating (SPUR) on Santa Fe's ...
- Summary: Santa Fe, New Mexico; Water/Sewer $175.00
Standard&Poor's Ratings Services affirmed its 'AA-' long-term rating, and stable outlook, on Santa Fe, N.M.'s water utility/capital outlay gross receipts tax revenue-refunding bonds. The rating reflects our opinion of the system's: Diverse, ...
- Santa Fe, NM GRT Debt Upgraded To 'AA+' On Strong Debt Service Coverage $100.00
NEW YORK (Standard&Poor's) Sept. 19, 2008--Standard&Poor's Ratings Services raised its standard long-term rating and underlying rating (SPUR) on Santa Fe, N.M.'s previously issued senior-lien gross receipts tax (GRT) debt to 'AA+' from 'AA'. ...
- Summary: Santa Fe, New Mexico; Sales Tax $175.00
Standard&Poor's Ratings Services raised its standard long-term rating and underlying rating (SPUR) on Santa Fe, N.M.'s previously issued senior-lien gross receipts tax (GRT) debt to 'AA+' from 'AA'. At the same time, Standard&Poor's raised ...
- Summary: Santa Fe, New Mexico; Letter of Credit $175.00
Standard&Poor's Ratings Services affirmed its 'AA+/A-1+' rating on Santa Fe, N.M.'s gross receipts tax subordinate-lien wastewater system variable-rate revenue bonds series 1997B due to the bank facility being extended to Dec. 4, 2012. The ...
- Summary: Santa Fe, New Mexico; General Obligation $175.00
Standard&Poor's Ratings Services assigned its 'AA' rating to Santa Fe, N.M.'s general obligation (GO) bonds. The rating reflects the city's: Vibrant economic base, anchored by the state government; Diverse property tax base and strong income ...
- Summary: Santa Fe, New Mexico; Sales Tax $175.00
Standard&Poor's Ratings Services affirmed its 'AA-' underlying rating (SPUR) on Santa Fe, N.M.'s series 2006C subordinate-lien gross receipts tax (GRT)/wastewater improvement revenue bonds, and lowered its SPUR on the city's parity series 2005 ...
