Pennsylvania; Appropriations; General Obligation; Moral Obligation; Tax Increment - S&P Global Ratings’ Credit Research

Pennsylvania; Appropriations; General Obligation; Moral Obligation; Tax Increment

Pennsylvania; Appropriations; General Obligation; Moral Obligation; Tax Increment - S&P Global Ratings’ Credit Research
Pennsylvania; Appropriations; General Obligation; Moral Obligation; Tax Increment
Published May 20, 2016
Published May 20, 2016
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings has assigned its 'AA-' rating to the Commonwealth of Pennsylvania's first series of 2016 and first refunding series of 2016 general obligation (GO) bonds. At the same time, we affirmed our 'AA-' GO rating, 'A+' appropriation rating, 'A' departmental appropriation rating, and 'A-' moral obligation on the Commonwealth of Pennsylvania's outstanding debt. The outlook is negative. The GO rating also reflects what we view as Pennsylvania's: Well-established priority of GO debt service, even in the absence of a budget; Substantial ability--albeit with a current lack of agreement on how--to adjust revenues, expenditures, and disbursements; Diverse economy, although it is projected to experience below-average job and population growth during the next five years; and Moderate debt profile, even

  
Report Type:

Full Report

Issuer
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings 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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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Pennsylvania; Appropriations; General Obligation; Moral Obligation; Tax Increment" May 20, 2016. Alacra Store. Aug 18, 2019. <http://www.alacrastore.com/s-and-p-credit-research/Pennsylvania-Appropriations-General-Obligation-Moral-Obligation-Tax-Increment-1640820>
  
APA:
S&P Global Ratings’ Credit Research. (). Pennsylvania; Appropriations; General Obligation; Moral Obligation; Tax Increment May 20, 2016. New York, NY: Alacra Store. Retrieved Aug 18, 2019 from <http://www.alacrastore.com/s-and-p-credit-research/Pennsylvania-Appropriations-General-Obligation-Moral-Obligation-Tax-Increment-1640820>
  
US$ 500.00
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