| Title: | Summary: Saginaw County, Michigan; General Obligation; General Obligation Equivalent Security; Note |
| Price: | $175.00 |
| Publication Date: | May 02, 2008 |
| Report Type: | Summary |
| Abstract: | The 'SP-1+' short-term rating on Saginaw County, Mich.'s limited-tax GO notes series 2008 reflects the notes being secured by the 2007 real property taxes due to the county, outstanding at May 1, 2008, as well as by the county's limited-tax GO pledge. Pledged revenues securing the notes include $15.45 million of 2007 delinquent property taxes as of March 1, 2008. Pledged revenues cover note principal 1.18x. In addition, the county's limited-tax GO pledge provides that the county will advance sufficient money to repay the notes from its general fund if delinquent taxes are not collected within three years. The 'A+' standard long-term rating and Standard&Poor's underlying rating (SPUR) on the county's GO debt have been affirmed and are |
| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Saginaw County, Michigan; General Obligation; General Obligation Equivalent Security; Note Publication date: ##-May-#### Primary Credit Analyst: Justin Formas, Chicago (###) ###-####; justin_formas@standardandpoors.... |
| Word Count: | 1832 |
| Issuer: | Saginaw Cnty |
| Sector: | Public Finance |
| Country: | United States |
| Region: | United States |
| Format: | 
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