Various Michigan State Credit Enhancement-Backed Debt Outlooks Revised To Negative After State GO Outlook To Negative - S&P Global Ratings’ Credit Research

Various Michigan State Credit Enhancement-Backed Debt Outlooks Revised To Negative After State GO Outlook To Negative

Various Michigan State Credit Enhancement-Backed Debt Outlooks Revised To Negative After State GO Outlook To Negative - S&P Global Ratings’ Credit Research
Various Michigan State Credit Enhancement-Backed Debt Outlooks Revised To Negative After State GO Outlook To Negative
Published Jul 16, 2020
2 pages (1129 words) — Published Jul 16, 2020
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About This Report

  
Abstract:

FARMERS BRANCH (S&P Global Ratings) July 16, 2020--S&P Global Ratings revised the outlook on its ratings on various Michigan state credit enhancement-backed debt to negative from stable. These ratings move in tandem with the state general obligation (GO) rating. The outlook revision affects debt secured by the following state credit enhancement programs: State School Bond Loan Fund Program (to 'AA/Negative' from 'AA/Stable'); Michigan Finance Authority Local Government Loan Program Revenue Bonds (school program and school local project bonds) (to 'AA-/Negative' from 'AA-/Stable'; Michigan Finance Authority Local Government Loan Program Revenue Bonds (revenue-sharing bonds) (to 'AA-/Negative' from 'AA-/Stable'); and Michigan Finance Authority Local Government Loan Program Revenue Bonds (municipal local project bonds) (to 'AA-/Negative' from 'AA-/Stable'). "The outlook revisions reflect the

  
Report Type:

Ratings Action

Issuer
Michigan Finance Authority
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Various Michigan State Credit Enhancement-Backed Debt Outlooks Revised To Negative After State GO Outlook To Negative" Jul 16, 2020. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Various-Michigan-State-Credit-Enhancement-Backed-Debt-Outlooks-Revised-To-Negative-After-State-GO-Outlook-To-Negative-2480035>
  
APA:
S&P Global Ratings’ Credit Research. (). Various Michigan State Credit Enhancement-Backed Debt Outlooks Revised To Negative After State GO Outlook To Negative Jul 16, 2020. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Various-Michigan-State-Credit-Enhancement-Backed-Debt-Outlooks-Revised-To-Negative-After-State-GO-Outlook-To-Negative-2480035>
  
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