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Article: Standard & Poor's Affirms AHFC Bond Ratings.
- Article from:
- PR Newswire
- Article date:
- December 19, 2000
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ANCHORAGE, Alaska, Dec. 19 /PRNewswire/ --
Standard & Poor's rating agency has affirmed the bond ratings for $735 million in outstanding debt for the Alaska Housing Finance Corporation (AHFC). The ratings range from AA- to AAA for long-term bonds and A-1+ for short-term obligations, with an outlook of Stable.
In a news release, S&P stated that the rationale for the ratings reflect the following strengths:
-- "A large and liquid asset base,
-- Strong, but declining profitability indicators,
-- Capable management, and
-- The ability to meet its legislative mandate.