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S&P Credit Research710 word report
published Jul 06, 2009
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S&P Credit Research
| Abstract: | CHICAGO (Standard&Poor's) July 6, 2009--Standard&Poor's Ratings Services raised its rating on Springfield Metro Sanitary District, Ill.'s general obligation (GO) bonds to 'AA-' from 'A+' due to the district's implementation of a series of annual rate increases through 2016 that will likely lead to improved liquidity and financial performance, despite substantial increases in future debt service. At the same time, we assigned a 'AA-' long-term rating to the district's series 2009A alternate revenue source GO bonds. Other credit factors are the district's stable local economy, dominated by state government, and its status as the retail, health care, and service center for a large portion of central Illinois. The district also reports adequate income levels and a low
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| Brief Excerpt: | RESEARCH Ratings Definitions Springfield Metro Sanitary District, IL's Bond Rating Raised To '##-' On Implementation Of Rate Increases Publication date: 06-Jul-2009 Primary Credit Analyst: John Kenward, Chicago (1) 312-233-7003; john_kenward@standardand...
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| Report Type: | Ratings Action
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| Issuer: | Springfield Metro San Dist
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| Sector: | Public Finance
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| Country: | United States
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| Region: | United States
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
Also from S&P Credit Research
- Summary: Springfield Metro Sanitary District, Illinois; General Obligation $175.00
Standard&Poor's Ratings Services has assigned its 'AA-' rating to Springfield Metro Sanitary District, Ill.'s series 2009E general obligation (GO) alternate revenue source bonds, and affirmed the 'AA-' rating on the district's GO debt outstanding. ...
- Summary: Springfield Metro Sanitary District, Illinois; General Obligation $175.00
Standard&Poor's Ratings Services raised its long-term rating on Springfield Metro Sanitary District, Ill.'s general obligation (GO) bonds to 'AA-' from 'A+' due to the district's implementation of a series of annual rate increases through 2016 ...
- Summary: Springfield Metro Sanitary District, Illinois; General Obligation $175.00
The 'A+' rating on Springfield Metro Sanitary District, Ill.'s series 2007 alternate revenue source GO bonds reflects the district's: Stable local economy, dominated by state government, and its status as the retail and service center for a ...
- Springfield Metro Sanitary District, IL's GO Bonds Rated 'A+'; Outlook Stable $100.00
CHICAGO (Standard&Poor's) Nov. 26, 2007--Standard&Poor's Ratings Services has assigned its 'A+' rating to Springfield Metro Sanitary District, Ill.'s $1.73 million series 2007 alternate revenue source GO bonds. The outlook is stable. The rating ...
