FitchResearch



Title:

Pleasant Grove City, Utah - excise tax road bonds ser 2008

Price:$55.00
Publication Date:May 09, 2008
Report Type:New Issue
Brief Excerpt:...The A+ rating reflects the bonds adeq uate coverage ratios, statewide levy and collection of class C road revenues, and short-term debt amortization. The rating is also based on Pleasant Grove City s high population growth and new development pipeline, strong finances, including a high general fund balance, and diversified stream of revenues. These strengths are somewhat offset by th e potential for falling gas consumption to reduce the class C road revenues, the city s high debt ratios, and future capital needs driven by elevated population growth. ...
Word Count:2231
Length:4 Pages
Format:Adobe Acrobat Adobe Acrobat
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