September 30, 2016 / 4:40 PM / 10 months ago

BRIEF-S&P rates Nevada's Series 2016C and D GO bonds 'AA' with stable outlook

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Sept 30 (Reuters) - S&P Global Ratings

* Stable outlook reflects the state's budget response to the extreme economic downturn during the recession

* Stable outlook also reflects the state's renewal of tax increases to maintain budget balance, which lends to stability

* Nevada's series 2016C and D General Obligation bonds rated 'AA' with a stable outlook

* Affirmed 'AA' long-term rating on Nevada's GO bonds outstanding, affirmed 'AA-' rating on appropriation-backed certificates of participation Source text for Eikon: [bit.ly/2d1xMAa]

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