Huntsville, AL 2024A-B, 2025A-C Warrants Rated 'AAA' - S&P Global Ratings’ Credit Research

Huntsville, AL 2024A-B, 2025A-C Warrants Rated 'AAA'

Huntsville, AL 2024A-B, 2025A-C Warrants Rated 'AAA' - S&P Global Ratings’ Credit Research
Huntsville, AL 2024A-B, 2025A-C Warrants Rated 'AAA'
Published Nov 25, 2024
2 pages (1201 words) — Published Nov 25, 2024
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Abstract:

DALLAS (S&P Global Ratings) Nov. 25, 2024--S&P Global Ratings assigned its 'AAA' rating to Huntsville, Ala.'s roughly $77.73 million series 2024-A tax-exempt general obligation (GO) warrants, $16.13 million series 2024B taxable GO warrants, $145.6 million series 2025A GO warrants, $26.85 million series 2025B GO warrants, and $57.76 million series 2025C GO warrants, based on the application of our "Methodology For Rating U.S. Governments," published Sept. 9, 2024. S&P Global Ratings also assigned its 'AA+' long-term rating to Huntsville's Public Building Authority's estimated $8.23 million series 2025 lease revenue bonds, issued on behalf of the city. At the same time, S&P Global Ratings affirmed its 'AAA' rating on Huntsville's existing GO warrants and its 'AA+' rating on existing lease revenue bonds.

  
Brief Excerpt:

...November 25, 2024 DALLAS (S&P Global Ratings) Nov. 25, 2024--S&P Global Ratings assigned its '###' rating to Huntsville, Ala.'s roughly $77.73 million series 2024-A tax-exempt general obligation (GO) warrants, $16.13 million series 2024B taxable GO warrants, $145.6 million series 2025A GO warrants, $26.85 million series 2025B GO warrants, and $57.76 million series 2025C GO warrants, based on the application of our "Methodology For Rating U.S. Governments," published Sept. 9, 2024. S&P Global Ratings also assigned its '##+' long-term rating to Huntsville's Public Building Authority's estimated $8.23 million series 2025 lease revenue bonds, issued on behalf of the city. At the same time, S&P Global Ratings affirmed its '###' rating on Huntsville's existing GO warrants and its '##+' rating on existing lease revenue bonds. The outlook is stable. "Huntsville's local economy has been exhibiting strong, continuous growth with expansions in major businesses and residential developments citywide,"...

  
Report Type:

Ratings Action

Issuer
Huntsville
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Huntsville, AL 2024A-B, 2025A-C Warrants Rated 'AAA'" Nov 25, 2024. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Huntsville-AL-2024A-B-2025A-C-Warrants-Rated-AAA-3290764>
  
APA:
S&P Global Ratings’ Credit Research. (). Huntsville, AL 2024A-B, 2025A-C Warrants Rated 'AAA' Nov 25, 2024. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Huntsville-AL-2024A-B-2025A-C-Warrants-Rated-AAA-3290764>
  
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