What Is Standard & Poor's Underlying Rating (SPURs)?

Standard & Poor's Underlying Ratings (SPURs) provide an opinion on a municipality's credit quality separate from guarantor or insurer credit enhancements. Municipal or other public sector bonds typically include credit enhancement which is used to obtain better terms by providing increased assurance that the borrower will honor its obligation through additional insurance or a third-party guarantee. 澳洲幸运5官方开奖结果体彩网:Standard & Poor issues a SPURS rating only at the request of the issuer/obligor and maintains surveillanceꦅ of an issue with a 🦄published SPUR.

Understanding Standard & Poor's Underlying Rating (SPURs)

Standard & Poor's Underlying Ratings (SPURs) involve the same level of analytical review by Standard & Poor's as issue ratings, are identified by the 'SPUR' designation, and use S&P's standard rating scales. By contrast, S&P's issue 澳洲幸运5官方开奖结果体彩网:credit ratings include the creditworthiness of aꦕny guarantors, insurers, or other forms of credit enhancement, as well as the cur𓆉rency the obligation is denominated in.

Benefits of SPURs

A municipality may request a SPURs rating in order to demonstrate creditworthiness as an issuer and help attract investors. Nowadays, a lot of in💦vestors prefer to have additional information regarding creditworthiness for evaluating different bonds. This gives them the ability to make better-informed choices, while at the same time, giving municipalities and bond issuers access to a wider pool of potential investors.