กรุงเทพฯ--29 เม.ย.--Standard & Poor's
Standard & Poor's Ratings Services corrected its underlying rating (SPUR) and outlook on Matanuska-Susitna Borough, Alaska's series 2005A and 2000A general obligation bonds to 'AA/Stable' from 'A+/Stable'. The bonds are insured by National Public Finance Guarantee Corp. (formerly MBIA Insurance Corp. of Illinois) (AA-/Watch Developing). Under our criteria, the issue credit rating on a fully credit-enhanced bond is the higher of the rating on the credit enhancer and the SPUR. Here, the SPUR is 'AA' and the rating on National Public Finance Guarantee Corp. is 'AA-/Watch Developing'. We inadvertently did not raise the SPUR on the bonds to 'AA' when we raised Matanuska-Susitna's bond rating.
Complete ratings information is available to RatingsDirect subscribers at www.ratingsdirect.com. All ratings affected by this rating action can be found on Standard & Poor's public Web site at www.standardandpoors.com; select your preferred country or region, then Ratings in the left navigation bar, followed by Find a Rating.
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