Summary: Gwinnett County Development Authority, Georgia Gwinnett County; General Obligation Equivalent Security - S&P Credit Research

Summary: Gwinnett County Development Authority, Georgia Gwinnett County; General Obligation Equivalent Security

1421 words — Published Sep 09, 2008
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Abstract:

Standard&Poor's Ratings Services assigned its 'AAA' rating, and stable outlook, to Gwinnett County Development Authority, Ga.'s series 2008 revenue bonds, supported by Gwinnett County's full faith and credit pledge, and affirmed its 'AAA' rating, with a stable outlook, on the authority's existing debt, supported by the county. In our opinion, the rating reflects the county's general obligation (GO) rating and its: Strong economic base in the Atlanta metropolitan statistical area (MSA) that, while currently experiencing a slowdown due to the housing market downturn, has positive long-term prospects; Broad and diverse property tax base; Strong financial performance and controls; and Sound debt management, including the significant use of internal revenue sources for capital improvements. Payments made by the county

  
Brief Excerpt:

RESEARCH Ratings Definitions Summary: Gwinnett County Development Authority, Georgia Gwinnett County; General Obligation Equivalent Security Publication date: 09-Sep-2008 Primary Credit Analyst: John Sugden-Castillo, New York (1)...

  
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Summary

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Corporations, Financial Institutions, Global Issuers, Public Finance
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S&P Credit Research. "Summary: Gwinnett County Development Authority, Georgia Gwinnett County; General Obligation Equivalent Security" Sep 09, 2008. Alacra Store. Apr 25, 2014. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Gwinnett-County-Development-Authority-Georgia-Gwinnett-County-General-Obligation-Equivalent-Security-670328>
  
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S&P Credit Research. (). Summary: Gwinnett County Development Authority, Georgia Gwinnett County; General Obligation Equivalent Security Sep 09, 2008. New York, NY: Alacra Store. Retrieved Apr 25, 2014 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Gwinnett-County-Development-Authority-Georgia-Gwinnett-County-General-Obligation-Equivalent-Security-670328>
  
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