| Title: | Summary: Brea Redevelopment Agency, California; Tax Increment |
| Price: | $175.00 |
| Publication Date: | May 05, 2008 |
| Report Type: | Summary |
| Abstract: | Standard&Poor's Ratings Services assigned its 'BBB+' rating to Brea Public Financing Authority, Calif.'s 2008 series A tax allocation revenue bonds (TABs) and taxable 2008 series B TABs, issued for the Brea Redevelopment Agency and secured by increment from the agency's Project Area C. The rating reflects: A strong local economy with high income levels and easy access to and participation in the Orange County and greater Los Angeles basin economies; Strong recent growth in the project area tax base, averaging over 8% per year in recent years; A very low 0.01 volatility ratio, coupled with older housing stock, which is likely to anchor total assessed value (AV) even if market values decline; Healthy 1.25x projected minimum coverage of |
| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Brea Redevelopment Agency, California; Tax Increment Publication date: ##-May-#### Primary Credit Analyst: Robert Williams, San Francisco (#) ###-###-####; robert_williams@standardandpoors.com... |
| Word Count: | 1966 |
| Issuer: | Brea Redev Agy |
| Sector: | Public Finance |
| Country: | United States |
| Region: | United States |
| Format: | 
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