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S&P Credit Research1959 word report
published Jul 06, 2009
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S&P Credit Research
| Abstract: | 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 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; Adequate income level; Approved annual rate increases through 2016 to pay for future debt; and
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| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Springfield Metro Sanitary District, Illinois; General Obligation Publication date: 06-Jul-2009 Primary Credit Analyst: John Kenward, Chicago (1) 312-233-7003; john_kenward@standardandpoors.com...
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| Report Type: | Summary
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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. ...
- Springfield Metro Sanitary District, IL's Bond Rating Raised To 'AA-' On Implementation Of Rate Increases $100.00
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 ...
- 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 ...
