State bond guarantee programs get rating upgrade from Standards & Poor’s

LITTLE ROCK — Standard & Poor’s Ratings Services has raised its rating on all bonds guaranteed by either the Arkansas Development Finance Authority or the Arkansas Economic Development Commission from A to A-plus, those agencies said Thursday.

Standard & Poor’s also assigned its A-plus rating, and a stable outlook, to ADFA’s taxable $13.7 million economic development revenue bonds, series 2015. The bonds are set to be marketed Tuesday by a group led by Stephens Inc., which includes Crews and Associates and Raymond James Inc. The bonds are secured by revenues derived from loan agreements between either the ADFA and the borrower or the AEDC and the borrower.

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