Michigan State Credit Enhanced Debt Outlook Revised To Stable - S&P Global Ratings’ Credit Research

Michigan State Credit Enhanced Debt Outlook Revised To Stable

Michigan State Credit Enhanced Debt Outlook Revised To Stable - S&P Global Ratings’ Credit Research
Michigan State Credit Enhanced Debt Outlook Revised To Stable
Published Jul 01, 2021
2 pages (1099 words) — Published Jul 01, 2021
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) July 1, 2021--S&P Global Ratings revised the outlook on its ratings on various Michigan state credit enhancement-backed debt to stable from negative. These ratings move in tandem with the state general obligation (GO) rating. The outlook revision affects debt secured by the following state credit enhancement programs: State School Bond Loan Fund Program (to 'AA/Stable' from 'AA/Negative'); Michigan Finance Authority Local Government Loan Program Revenue Bonds (school program and school local project bonds) (to 'AA-/Stable' from 'AA-/Negative'); Michigan Finance Authority Local Government Loan Program Revenue Bonds (revenue-sharing bonds) (to 'AA-/Stable' from 'AA-/Negative'); and Michigan Finance Authority Local Government Loan Program Revenue Bonds (municipal local project bonds) (to 'AA-/Stable' from 'AA-/Negative'). The outlook revisions reflect the

  
Brief Excerpt:

STANDARD & POOR'S, S&P and RATINGSDIRECT are registered trademarks of Standard & Poor's Financial Services LLC. S&P may receive compensation for its ratings and certain analyses, normally from issuers or underwriters of securities or...

  
Report Type:

Ratings Action

Issuer
Michigan Finance Authority
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
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. "Michigan State Credit Enhanced Debt Outlook Revised To Stable" Jul 01, 2021. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Michigan-State-Credit-Enhanced-Debt-Outlook-Revised-To-Stable-2682777>
  
APA:
S&P Global Ratings’ Credit Research. (). Michigan State Credit Enhanced Debt Outlook Revised To Stable Jul 01, 2021. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Michigan-State-Credit-Enhanced-Debt-Outlook-Revised-To-Stable-2682777>
  
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