| Title: | Birmingham, Alabama; General Obligation |
| Price: | $400.00 |
| Publication Date: | May 01, 2008 |
| Report Type: | Full Report |
| Abstract: | Standard&Poor's Ratings Services affirmed its 'AA' long-term rating and underlying rating (SPUR), and stable outlook, on Birmingham, Ala.'s general obligation (GO) bonds and warrants. The rating reflects the city's: Diverse economic base and position as the state's economic and business center; Diverse revenue stream; and Consistently strong financial performance and significant available reserves within and outside the general fund. These strengths are offset by the city's: Declining population trends; and Moderately high debt burden coupled with an aggressive capital improvement program, although the city has minimal exposure to variable-rate debt. The city's full faith and credit pledge secures the bonds and warrants. The Birmingham metropolitan statistical area (MSA) features the state's broadest and most diverse economy, including strong |
| Brief Excerpt: | RESEARCH Ratings Definitions Birmingham, Alabama; General Obligation Publication date: ##-May-#### Primary Credit Analyst: Sussan Corson, New York (#) ###-###-####; sussan_corson@standardandpoors.com Secondary Credit Analyst: James... |
| Word Count: | 2092 |
| Issuer: | Birmingham |
| Sector: | Global Issuers, Public Finance, Financial Institutions |
| Country: | United States |
| Region: | United States |
| Format: | 
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