Summary: Salvation Army USA Eastern Territory, New York; CP; Non-Profit Organizations - S&P Global Ratings’ Credit Research

Summary: Salvation Army USA Eastern Territory, New York; CP; Non-Profit Organizations

Summary: Salvation Army USA Eastern Territory, New York; CP; Non-Profit Organizations - S&P Global Ratings’ Credit Research
Summary: Salvation Army USA Eastern Territory, New York; CP; Non-Profit Organizations
Published May 29, 2014
2187 words — Published May 29, 2014
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Abstract:

Standard&Poor's Ratings Services affirmed its 'A-1+' short-term rating on the Salvation Army USA Eastern Territory (TSA), N.Y.'s series 2007A commercial paper (CP) and affirmed its 'AA-' issuer credit rating (ICR) on the TSA. The outlook is stable. The ICR does not refer to any debt instrument, and it reflects our view of the TSA's overall long-term credit quality. The ratings reflect our opinion of the organization's long record of successful operations with solid fundraising performance; name recognition; and strong and generally stable financial resources that is supported by a large investment portfolio. In our view, TSA's financial profile has weakened over time due to its rising debt; investment market volatility; and dependence on fundraising, which responds to investment

  
Brief Excerpt:

RESEARCH Summary: Salvation Army USA Eastern Territory, New York; CP; Non-Profit Organizations Publication date: 29-May-2014 Primary Credit Analyst: Nick Waugh, Boston (1) 617-530-8342; nick.waugh@standardandpoors.com Secondary Contact:...

  
Report Type:

Summary

Issuer
Salvation Army USA East Terr
Sector
Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Salvation Army USA Eastern Territory, New York; CP; Non-Profit Organizations" May 29, 2014. Alacra Store. May 09, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Salvation-Army-USA-Eastern-Territory-New-York-CP-Non-Profit-Organizations-1323929>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Salvation Army USA Eastern Territory, New York; CP; Non-Profit Organizations May 29, 2014. New York, NY: Alacra Store. Retrieved May 09, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Salvation-Army-USA-Eastern-Territory-New-York-CP-Non-Profit-Organizations-1323929>
  
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