| Title: | Summary: Riverside County Transportation Commission, California; Sales Tax |
| Price: | $175.00 |
| Publication Date: | May 09, 2008 |
| Report Type: | Summary |
| Abstract: | Standard&Poor's Ratings Services raised its underlying rating (SPUR) on the Riverside County Transportation Commission, Calif.'s senior-lien revenue bonds to 'AAA' from 'AA+'. The upgrade reflects the bonds' strong coverage, coupled with no plans to issue additional debt that could dilute the strong coverage. At the same time, Standard&Poor's raised its SPUR on the commission's junior-lien revenue bonds to 'AAA' from 'AA'. The upgrade reflects the above-mentioned factors, as well as the relatively small amount of junior-lien debt outstanding compared with the commission's overall debt. The outlook on both series is stable. Both series are secured by their respective liens on the pledge revenues, which are derived from a countywide half-cent sales tax. The sales tax will |
| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Riverside County Transportation Commission, California; Sales Tax Publication date: ##-May-#### Primary Credit Analyst: Edward R McGlade, New York (#) ###-###-####; edward_mcglade@standardandpoors.com... |
| Word Count: | 1046 |
| Issuer: | Riverside Cnty Transp Comm |
| Sector: | Public Finance |
| Country: | United States |
| Region: | United States |
| Format: | 
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