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Philadelphia, PA's GO Bonds Rated 'BBB'; TRANs Affirmed at 'SP-1+'

Published Jan 04, 2001

1263 words — Published Jan 04, 2001

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Abstract:

NEW YORK (Standard&Poor's CreditWire) Jan. 4, 2001-- Standard&Poor's today assigned its triple-'B' rating to Philadelphia, Pa.'s $295 million GO bonds series 2001 due Sept. 1, 2031. The bonds are scheduled to sell Jan. 11, 2001. The outlook is stable. In addition, Standard&Poor's affirmed its 'SP-1'-plus rating on the city's outstanding TRANs series 2000A due Sept. 1, 2031. Standard&Poor's also affirmed its triple-'B' rating on debt issued for the city through Southeastern Pennsylvania Transportation Authority, Philadelphia Municipal Authority, Philadelphia Redevelopment Authority, Pennsylvania Convention Center Authority, and Philadelphia Authority for Industrial Development. The GO bonds are secured by Philadelphia's full faith and credit GO pledge. Proceeds will finance the city's various capital needs. In

Brief Excerpt:

RESEARCH Philadelphia, PA's GO Bonds Rated '###'; TRANs Affirmed at 'SP-1+' Publication date: 04-Jan-2001 NEW YORK (Standard & Poor's CreditWire) Jan. 4, 2001-- Standard & Poor's today assigned its triple-'B' rating to Philadelphia,...

Report Type:

Ratings Action

Issuer

Philadelphia

Sector

Global Issuers, Public Finance, Structured Finance

Country

United States

Region

United States

Format:

HTML

Summary: Philadelphia, PA; General Obligation, Local GO; General Obligation, Local Lease; General Obligation, Local Note – 2001/01/05 – US$ 225.00

Summary: Philadelphia, PA; Tax Secured, General Obligation – 2001/04/30 – US$ 225.00

Philadelphia Gas Works $120 Million Bonds Rated 'BBB' – 2001/06/14 – US$ 150.00

Summary: Philadelphia, PA; Tax Secured, Gas Tax – 2001/06/15 – US$ 225.00

Philadelphia, PA's 2001-2002 TRANs Series A Rated 'SP-1+' – 2001/07/03 – US$ 150.00

Philadelphia, Pennsylvania; General Obligation, Local GO; General Obligation, Local Lease; General Obligation, Local Note – 2001/01/04 – US$ 500.00

Summary: Philadelphia, PA; Revenue - Utility, Gas – 2000/07/21 – US$ 225.00

Philadelphia Gas Works; Revenue - Utility, Gas – 2000/07/21 – US$ 500.00

Bonds for Philadelphia Gas Works Placed on CreditWatch Negative – 2000/07/20 – US$ 150.00

Philadelphia, Pennsylvania; General Obligation, Local Note – 2000/06/27 – US$ 500.00

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MLA:	S&P Global Ratings’ Credit Research. "Philadelphia, PA's GO Bonds Rated 'BBB'; TRANs Affirmed at 'SP-1+'" Jan 04, 2001. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Philadelphia-PA-s-GO-Bonds-Rated-BBB-TRANs-Affirmed-at-SP-1-177965>

APA:	S&P Global Ratings’ Credit Research. (). Philadelphia, PA's GO Bonds Rated 'BBB'; TRANs Affirmed at 'SP-1+' Jan 04, 2001. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Philadelphia-PA-s-GO-Bonds-Rated-BBB-TRANs-Affirmed-at-SP-1-177965>

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