| Title: | Rancho Mirage Redev Agy, CA's Senior Lien Bond SPUR Raised to 'A+' On Area's Diverse Tax Base |
| Price: | $100.00 |
| Publication Date: | May 08, 2008 |
| Report Type: | News |
| Abstract: | SAN FRANCISCO (Standard&Poor's) May 8, 2008--Standard&Poor's Ratings Services raised its rating and underlying rating (SPUR) to 'A+' from 'A' on Rancho Mirage Redevelopment Agency, Calif.'s outstanding senior lien bonds. At the same time, Standard&Poor's raised its rating and SPUR to 'A' from 'A-' on the agency's outstanding subordinate lien debt. Finally, Standard&Poor's assigned its 'A' rating to the agency's Northside subarea series 2008 tax allocation bonds. The outlook is stable. "The raised ratings reflect the agency's plans to close the liens," said Standard&Poor's credit analyst Misty Newland. "It also benefits from a large and diverse project area that is supported by residents with very strong incomes." With the issuance of |
| Brief Excerpt: | RESEARCH Ratings Definitions Rancho Mirage Redev Agy, CA's Senior Lien Bond SPUR Raised to '##' On Area's Diverse Tax Base Publication date: ##-May-#### Primary Credit Analyst: Misty Newland, San Francisco (#) ###-###-####; misty_newland@standardandpoor... |
| Word Count: | 512 |
| Issuer: | Rancho Mirage Redev Agy |
| Sector: | Public Finance |
| Country: | United States |
| Region: | United States |
| Format: | 
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