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KBRA Releases Report Assigning AAA Rating and Stable Outlook to State of Delaware General Obligation Bonds, Series 2019
[February 05, 2019]

KBRA Releases Report Assigning AAA Rating and Stable Outlook to State of Delaware General Obligation Bonds, Series 2019


On February 4, 2019 Kroll Bond Rating Agency (KBRA) assigned a long-term rating of AAA and Stable Outlook to the State of Delaware General Obligation Bonds, Series 2019 and affirmed the long-term rating of AAA and Stable Outlook on the State's outstanding general obligation debt.





 
Issuer: State of Delaware
Assigned     Rating     Outlook
General Obligation Bonds, Series 2019     AAA     Stable
             
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 full 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, is 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.


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