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S&P Credit Research1285 word report
published Apr 24, 2008
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S&P Credit Research
| Abstract: | 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 municipal recreation complex net revenue/subordinate-lien GRT revenue refunding bonds to 'AA-' from 'AA' due to an error correction. The bonds are secured by a parity subordinate lien on the city's general gross receipts taxes and should be rated on par. The ratings reflect Santa Fe's: History of strong debt service coverage (DSC); Positive trends in gross receipts tax collections, which have not declined in the past 10 years; and Broad range of products and services included by GRTs. Mitigating factors include: The city's GRT revenue
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| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Santa Fe, New Mexico; Sales Tax Publication date: 24-Apr-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 ...
- Santa Fe, New Mexico; Sales Tax $400.00
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 ...
