S&P revises Reno, Nevada's capital improvement rev bonds outlook
March 5 |
March 5 (Reuters) - Standard & Poor's Ratings Services said on Tuesday it revised the rating outlook on some series of Reno, Nevada's tax-exempt capital improvement revenue bonds to stable from negative.
"The stable outlook reflects our view that the city's pledged revenue has continued to show signs of stabilizing," said Standard & Poor's credit analyst Bryan Moore.
The rating agency also affirmed the city's BBB underlying rating on the bonds and it's AA-plus/A-1 rating in the sales tax capital improvement revenue refunding bonds, series 2005A.
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