Bay County, MI Bond Rating Outlook Revised To Stable From Negative On Stabilized Finances - S&P Global Ratings’ Credit Research

Bay County, MI Bond Rating Outlook Revised To Stable From Negative On Stabilized Finances

Bay County, MI Bond Rating Outlook Revised To Stable From Negative On Stabilized Finances - S&P Global Ratings’ Credit Research
Bay County, MI Bond Rating Outlook Revised To Stable From Negative On Stabilized Finances
Published Oct 19, 2021
3 pages (1238 words) — Published Oct 19, 2021
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) Oct. 19, 2021--S&P Global Ratings revised the outlook to stable from negative and affirmed its 'AA-' rating on Bay County, Mich.'s general obligation (GO) bonds outstanding and Waldo&Branches Intercounty Drain Drainage District's bonds supported by the county. At the same time, S&P Global Ratings assigned its 'AA-' rating with a stable outlook to the Bay County Water Supply System's $29.2 million 2021 revenue refunding bonds. "The outlook revision reflects our expectation that the county will maintain reserves at sufficient levels to offset potential credit stress created by a weaker economy that leads to what we view as reduced revenue-raising capabilities," said S&P Global Ratings credit analyst Tiffany Tribbitt. The rating reflects our view

  
Brief Excerpt:

...October 19, 2021 NEW YORK (S&P Global Ratings) Oct. 19, 2021--S&P Global Ratings revised the outlook to stable from negative and affirmed its '##-' rating on Bay County, Mich.'s general obligation (GO) bonds outstanding and Waldo & Branches Intercounty Drain Drainage District's bonds supported by the county. At the same time, S&P Global Ratings assigned its '##-' rating with a stable outlook to the Bay County Water Supply System's $29.2 million 2021 revenue refunding bonds. "The outlook revision reflects our expectation that the county will maintain reserves at sufficient levels to offset potential credit stress created by a weaker economy that leads to what we view as reduced revenue-raising capabilities," said S&P Global Ratings credit analyst Tiffany Tribbitt. The rating reflects our view of Bay County's: - Weak economy; - Adequate management; - Strong budgetary performance; - Very strong budgetary flexibility; - Very strong liquidity; - Adequate debt and contingent liability profile;...

  
Report Type:

Ratings Action

Issuer
Sector
Public Finance
Country
Region
Format:
PDF Adobe Acrobat
Buy Now

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bay County, MI Bond Rating Outlook Revised To Stable From Negative On Stabilized Finances" Oct 19, 2021. Alacra Store. Nov 30, 2021. <http://www.alacrastore.com/s-and-p-credit-research/Bay-County-MI-Bond-Rating-Outlook-Revised-To-Stable-From-Negative-On-Stabilized-Finances-2740583>
  
APA:
S&P Global Ratings’ Credit Research. (). Bay County, MI Bond Rating Outlook Revised To Stable From Negative On Stabilized Finances Oct 19, 2021. New York, NY: Alacra Store. Retrieved Nov 30, 2021 from <http://www.alacrastore.com/s-and-p-credit-research/Bay-County-MI-Bond-Rating-Outlook-Revised-To-Stable-From-Negative-On-Stabilized-Finances-2740583>
  
US$ 150.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.