S&P rates Alabama building bonds AA-

Standard & Poor's said it assigned an AA- standard long-term rating and stable outlook to Pickens County Public Building Authority, Ala.'s $2.945 billion of series 2008 building revenue warrants issued for the Alabama State Department of Human Resources' facilities and supported by sublease payments from the state of Alabama.

The outlook is stable.

S&P also said it affirmed its AA- underlying rating with stable outlook on Baldwin County Public Building Authority and Lee County Public Building Authority's debt, both supported by sublease payments from the state of Alabama.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.