Standard & Poor's Underlying Rating - SPURs

AAA

DEFINITION of 'Standard & Poor's Underlying Rating - SPURs'

A rating for a debt issue on a stand-alone basis without credit enhancements. SPURs provide ratings for the credit worthiness of municipal bonds and are only one of the types of ratings services offered by Standard & Poor's for public sector entities.

INVESTOPEDIA EXPLAINS 'Standard & Poor's Underlying Rating - SPURs'

SPURs demonstrate the credit quality of a debt issue on its own merits, without being backed by an insurer. While it involves the same level of analytical review by Standard & Poor's as issue ratings, SPURs offer financial flexibility and potential cost savings for public sector entities such as municipalities and state governments.

RELATED TERMS
  1. Credit Rating

    An assessment of the credit worthiness of a borrower in general ...
  2. Bond Rating

    A grade given to bonds that indicates their credit quality. Private ...
  3. Bond

    A debt investment in which an investor loans money to an entity ...
  4. Municipal Bond

    A debt security issued by a state, municipality or county to ...
  5. Standard & Poor's - S&P

    The world's leading index provider and the foremost source of ...
  6. Credit Worthiness

    An assessment of the likelihood that a borrower will default ...
Related Articles
  1. Personal Finance

    When To Trust Bond Rating Agencies

    Despite investor distrust, rating agencies can be helpful. Just be sure you use these ratings as a starting point.
  2. Personal Finance

    The Debt Ratings Debate

    Lack of competition and potential conflicts of interest have called the value of these ratings into question.
  3. Bonds & Fixed Income

    Why Bad Bonds Get Good Ratings

    Credit ratings are not the only tool to rely on when assessing bonds. Find out why they sometimes fall short.
  4. Bonds & Fixed Income

    5 Reasons To Trade Bonds

    Investors can find great financial opportunities in the bonds markets.
  5. Retirement

    Bond Basics Tutorial

    Investing in bonds - What are they, and do they belong in your portfolio?
  6. Options & Futures

    Writing Covered Calls On ETFs

    The strategy of writing covered calls on ETFs can limit your losses and hedge risk, but they cap your upside potential.
  7. Credit & Loans

    Can I get a balance transfer if I have bad credit?

    Transferring funds from one credit card to another is often possible with bad credit, but it will likely cost you in interest rates.
  8. Bonds & Fixed Income

    What determines the price of a bond in the open market?

    Learn more about some of the factors that influence the valuation of bonds on the open market, and why bond prices and yields move in opposite directions.
  9. Taxes

    Why should I keep records on my tax-exempt bond transactions?

    Keep your purchase records on all investments, including tax-exempt bonds. Though the interest is tax-free, you may owe taxes if you sell your bond for a gain.
  10. Bonds & Fixed Income

    How long will it take for a bond to reach its face value?

    Learn when different savings bonds reach face value, and determine the best time to cash them in to get the highest return on your money.

You May Also Like

Hot Definitions
  1. Christmas Island Dollar

    The former currency of Christmas Island, an Australian island in the Indian Ocean that was discovered on December 25, 1643. ...
  2. Santa Claus Rally

    A surge in the price of stocks that often occurs in the week between Christmas and New Year's Day. There are numerous explanations ...
  3. Commodity

    1. A basic good used in commerce that is interchangeable with other commodities of the same type. Commodities are most often ...
  4. Deferred Revenue

    Advance payments or unearned revenue, recorded on the recipient's balance sheet as a liability, until the services have been ...
  5. Multinational Corporation - MNC

    A corporation that has its facilities and other assets in at least one country other than its home country. Such companies ...
  6. SWOT Analysis

    A tool that identifies the strengths, weaknesses, opportunities and threats of an organization. Specifically, SWOT is a basic, ...
Trading Center