| Title: | Genesee County, Michigan; General Obligation; General Obligation Equivalent Security |
| Price: | $400.00 |
| Publication Date: | May 05, 2008 |
| Report Type: | Full Report |
| Abstract: | Standard and Poor's Ratings Services assigned its 'SP-1+' short-term rating to Genesee County, Mich.'s series 2008 limited-tax general obligation (GO) notes. In addition, Standard&Poor's affirmed its 'A+' rating on the county's outstanding GO debt. The 'SP-1+' rating reflects the county's: Good, conservative projected coverage levels; Strong history of tax collections; and Limited-tax GO pledge. The 2007 real property taxes due to the county that were outstanding at March 1, 2008, and the county's limited-tax GO pledge secure the series 2008 delinquent tax notes. Pledged revenues securing the notes include $49.86 million of 2007 delinquent property taxes as of March 1, 2008, and an estimated $6.9 million of delinquent administration fees and interest earnings. Pledged revenues cover note principal |
| Brief Excerpt: | RESEARCH Ratings Definitions Genesee County, Michigan; General Obligation; General Obligation Equivalent Security Publication date: ##-May-#### Primary Credit Analyst: Daniel Zuccarello, New York #-###-###-####; daniel_zuccarello@standardandpoors.com... |
| Word Count: | 2100 |
| Issuer: | Genesee Cnty |
| Sector: | Public Finance |
| Country: | United States |
| Region: | United States |
| Format: | 
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