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

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

The Salvation Army USA Eastern Territory, New York; CP; Non-Profit Organizations - S&P Global Ratings’ Credit Research
The Salvation Army USA Eastern Territory, New York; CP; Non-Profit Organizations
Published May 01, 2013
Published May 01, 2013
Price US$ 500.00  |  Buy this Report Now

About This Report

  
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

  
Report Type:

Full Report

Issuer
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
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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. "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/The-Salvation-Army-USA-Eastern-Territory-New-York-CP-Non-Profit-Organizations-1124895>
  
APA:
S&P Global Ratings’ Credit Research. (). 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/The-Salvation-Army-USA-Eastern-Territory-New-York-CP-Non-Profit-Organizations-1124895>
  
US$ 500.00
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