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Article: Fitch Rates Nevada Real Property Corp.'s LTGO Certificates 'AA'.
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
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Fitch Ratings has assigned an 'AA' rating to the Nevada Real Property Corporation's $8.16 million State of Nevada's general obligation (limited tax) certificates, series 2009. The bonds are expected to sell via negotiation Nov. 17, 2009. The Rating Outlook is Stable.
The bonds are general obligations (GOs) of the state of Nevada, and, although paid from the state's general revenues, benefit from the limited tax pledge that secures all of the state's GO debt. Nevada's rating reflects the state's conservative debt position and historically responsive financial practices, as well as its success in managing economic growth and development. Nevada's debt is only a ...