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S&P Credit Research1529 word report
published Nov 06, 2009
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$175.00 available for immediate download
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S&P Credit Research
| Abstract: | In Standard&Poor's Ratings Services' view, the 'AA-' long-term rating assigned to Jackson County, Minn.'s series 2009B general obligation (GO) capital improvement refunding bonds reflects the county's: Stable local economy heavily dependent on agriculture and agricultural manufacturing; Good income levels supported by very strong wealth levels, as defined by market value per capita, due to the current high valuation of farmland; Stable finances, including a very strong unreserved general fund balance and a recent trend of operating surpluses; and Low-to-moderate debt burden with minimal capital needs. The series 2009B bonds will refinance the outstanding callable maturities of the county's series 2001, 2001B, and 2001C bonds for interest cost savings. The bonds will be general obligations of the county for
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| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Jackson County, Minnesota; General Obligation Publication date: 06-Nov-2009 Primary Credit Analyst: Sean Hughes, Chicago (312) 233-7021; sean_hughes@standardandpoors.com Secondary Credit Analyst:...
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| Report Type: | Summary
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| Issuer: | Jackson Cnty
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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: Jackson County, Minnesota; General Obligation $175.00
The 'AAA' enhanced rating assigned to Jackson County, Minn.'s series 2009 general obligation (GO) water system revenue refunding bonds reflects the county's eligibility for and participation in Minnesota's County Credit Enhancement Program, ...
