Despite the cooling of its real estate market, Nevada’s tourism- and gambling-based economy has maintained its momentum, according to a report released Wednesday by Standard & Poor’s.

The report says the state’s AA-plus general obligation bond rating reflects strong financial management committed to maintaining and replenishing reserves, moderate but growing debt, and a strong track record of pay-as-you-go financing for capital projects.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.