Philadelphia; General Obligation; General Obligation Equivalent Security; Joint Criteria - S&P Global Ratings’ Credit Research

Philadelphia; General Obligation; General Obligation Equivalent Security; Joint Criteria

Philadelphia; General Obligation; General Obligation Equivalent Security; Joint Criteria - S&P Global Ratings’ Credit Research
Philadelphia; General Obligation; General Obligation Equivalent Security; Joint Criteria
Published Apr 05, 2012
4887 words — Published Apr 05, 2012
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Standard&Poor's Ratings Services raised its long-term rating and underlying rating (SPUR) on Philadelphia's general obligation (GO) debt one notch to 'BBB+' from 'BBB'. The outlook is positive. The upgrade reflects our assessment of the city's progress in eliminating a large general fund deficit in fiscal 2011 and projected general fund surplus in fiscal 2012. Standard&Poor's also raised its long-term rating and SPUR on Philadelphia Redevelopment Authority's; Philadelphia Industrial Development Authority?s; and Philadelphia Municipal Authority?s GO-equivalent appropriation debt, supported by the city, one notch to 'BBB+' from 'BBB'. At the same time, Standard&Poor's assigned its 'BBB+' long-term rating and positive outlook to the city's series 2012A GO refunding bonds and Philadelphia Redevelopment Authority's series 2012

  
Brief Excerpt:

RESEARCH Philadelphia; General Obligation; General Obligation Equivalent Security; Joint Criteria Publication date: 05-Apr-2012 Primary Credit Analyst: Nicole T Ridberg, New York (1) 212-438-4704; nicole_ridberg@standardandpoors.com...

  
Report Type:

Full Report

Issuer
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
Format:
PDF Adobe Acrobat
Buy Now

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.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Philadelphia; General Obligation; General Obligation Equivalent Security; Joint Criteria" Apr 05, 2012. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Philadelphia-General-Obligation-General-Obligation-Equivalent-Security-Joint-Criteria-955066>
  
APA:
S&P Global Ratings’ Credit Research. (). Philadelphia; General Obligation; General Obligation Equivalent Security; Joint Criteria Apr 05, 2012. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Philadelphia-General-Obligation-General-Obligation-Equivalent-Security-Joint-Criteria-955066>
  
US$ 500.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.