NEW YORK–(BUSINESS WIRE)–On July 29, 2019, Kroll Bond Rating Agency (KBRA) assigned a long-term rating of AAA and Stable Outlook to the State of Delaware General Obligation Refunding Bonds, Series 2019A and affirmed the long-term rating of AAA and Stable Outlook on the State’s outstanding general obligation debt.
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Issuer: State of Delaware |
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Assigned |
Rating |
Outlook |
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General Obligation Refunding Bonds, |
AAA |
Stable |
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Affirmed |
Rating |
Outlook |
|
General Obligation Bonds |
AAA |
Stable |
The rating actions are based on KBRA’s U.S. State General Obligation Rating Methodology and an assessment of the following four key rating determinants identified therein:
- Management Structure, Budgeting Practices and Policies
- Debt and Additional Continuing Obligations
- Financial Performance and Liquidity Position
- State Resource Base
To access the report, click here.
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About KBRA and KBRA Europe
KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.
Contacts
Analytical:
Patricia McGuigan, Senior Director
(646) 731-3350
[email protected]
Peter Scherer, Associate
(646) 731-2325
[email protected]
Paul Kwiatkoski, Managing Director
(646) 731-2387
[email protected]
