November 16, 2024 5:26 am
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Arizona’s new credit rating reflects a strong economy 

Phx creditBy Russ Wiles | The Arizona Republic

Arizona has received a second financial upgrade from Wall Street, with Standard & Poor’s Ratings Services raising its general evaluation of state-government debt to AA from AA-.

Standard & Poor’s also raised its grade for bond investments known as certificates of participation issued by Arizona, to AA- from A+.

The action follows a similar upgrade issued by Moody’s Investors Service, a rival credit-rating agency, two weeks ago. Both moves reflect an improving state economy and a better government-budget scenario.

Continued:

Related: Arizona is among 31 states in credit reporting settlement

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.