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Government of Guam Now Awaits Credit Rating after S&P Presentation |
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May 6, 2009
The Governor's fiscal team, Guam Economic Development Authority (GEDA) and bond financing team members met with representatives of Standard & Poor's in San Francisco today to provide economic and financial updates, as well as present the Section 30 bond credit for the financing of the landfill.
“This important meeting will help determine our credit rating and affect our ability to successfully pursue bond financing,” said Governor Camacho. “Our financing team expects to receive a credit assessment from S&P next week and a formal credit rating thereafter.”
GEDA hopes to update the Court with the latest feedback from S&P in their next report, which is due on Tuesday, May 12, 2009.
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