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

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

Summary: The Salvation Army USA Eastern Territory, New York; CP; Non-Profit Organizations - S&P Global Ratings’ Credit Research
Summary: The Salvation Army USA Eastern Territory, New York; CP; Non-Profit Organizations
Published May 01, 2013
2128 words — Published May 01, 2013
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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), with a stable outlook, on the TSA. 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; name recognition; and strong and generally stable financial resources, supported by a large investment portfolio. In our view, the TSA's financial profile has grown a bit weaker over time due to its rising debt; investment market volatility; and dependence on fundraising, which responds to investment market trends

  
Brief Excerpt:

RESEARCH Summary: The Salvation Army USA Eastern Territory, New York; CP; Non-Profit Organizations Publication date: 01-May-2013 Primary Credit Analyst: Nick Waugh, Boston (1) 617-530-8342; nick_waugh@standardandpoors.com Secondary...

  
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MLA:
S&P Global Ratings’ Credit Research. "Summary: The Salvation Army USA Eastern Territory, New York; CP; Non-Profit Organizations" May 01, 2013. Alacra Store. May 09, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-The-Salvation-Army-USA-Eastern-Territory-New-York-CP-Non-Profit-Organizations-1124900>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: The Salvation Army USA Eastern Territory, New York; CP; Non-Profit Organizations May 01, 2013. New York, NY: Alacra Store. Retrieved May 09, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-The-Salvation-Army-USA-Eastern-Territory-New-York-CP-Non-Profit-Organizations-1124900>
  
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