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

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

Summary: Pennsylvania; Appropriations; General Obligation; Moral Obligation; Tax Increment - S&P Global Ratings’ Credit Research
Summary: Pennsylvania; Appropriations; General Obligation; Moral Obligation; Tax Increment
Published May 26, 2015
Published May 26, 2015
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Standard&Poor's Ratings Services has assigned its 'AA-' rating to Pennsylvania's second series of 2015 general obligation (GO) and first refunding series bonds. At the same time, Standard&Poor's affirmed its 'AA-' rating on the state's GO debt outstanding, its 'A+' rating on the commonwealth's appropriation-backed debt outstanding, its 'A' rating on several tax increment financing projects backed by appropriations from the Commonwealth Finance Authority, and its 'A-' rating on Pennsylvania's moral obligation debt. The outlook is stable. The GO rating reflects what we view as Pennsylvania's: Diverse economy, which is recovering from the Great Recession but is projected to experience below-average job and population growth during the next five years; Good wealth levels, with personal income per

  
Report Type:

Summary

Issuer
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
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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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MLA:
S&P Global Ratings’ Credit Research. "Summary: Pennsylvania; Appropriations; General Obligation; Moral Obligation; Tax Increment" May 26, 2015. Alacra Store. Jul 19, 2019. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Pennsylvania-Appropriations-General-Obligation-Moral-Obligation-Tax-Increment-1400447>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Pennsylvania; Appropriations; General Obligation; Moral Obligation; Tax Increment May 26, 2015. New York, NY: Alacra Store. Retrieved Jul 19, 2019 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Pennsylvania-Appropriations-General-Obligation-Moral-Obligation-Tax-Increment-1400447>
  
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