Huntsville, AL's Series 2007A GO Warrants Rated 'AA+'; Outlook Stable - S&P Global Ratings’ Credit Research

Huntsville, AL's Series 2007A GO Warrants Rated 'AA+'; Outlook Stable

Huntsville, AL's Series 2007A GO Warrants Rated 'AA+'; Outlook Stable - S&P Global Ratings’ Credit Research
Huntsville, AL's Series 2007A GO Warrants Rated 'AA+'; Outlook Stable
Published Apr 13, 2007
731 words — Published Apr 13, 2007
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Abstract:

NEW YORK (Standard&Poor's) April 13, 2007--Standard&Poor's Ratings Services assigned its 'AA+' standard long-term rating, and stable outlook, to Huntsville, Ala.'s $50 million series 2007A GO warrants and affirmed its 'AA+' standard long-term rating and underlying rating (SPUR), with a stable outlook, on roughly $513 million of the city's preexisting GO debt. The ratings reflect the city's above-average wealth and income levels and below-average unemployment rates; strong growth and continually diversifying property tax base, coupled with some dependence on the military, aerospace, and electronic industries; solid financial performance and good management practices, characterized by operating surpluses and healthy reserves; and moderate overall debt levels. The high annual debt service requirements, currently about 17.7% of annual expenditures, mitigate

  
Brief Excerpt:

RESEARCH Huntsville, AL's Series 2007A GO Warrants Rated '##+'; Outlook Stable Publication date: 13-Apr-2007 NEW YORK (Standard & Poor's) April 13, 2007--Standard & Poor's Ratings Services assigned its '##+' standard long-term rating,...

  
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Global Issuers, Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "Huntsville, AL's Series 2007A GO Warrants Rated 'AA+'; Outlook Stable" Apr 13, 2007. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Huntsville-AL-s-Series-2007A-GO-Warrants-Rated-AA-Outlook-Stable-572821>
  
APA:
S&P Global Ratings’ Credit Research. (). Huntsville, AL's Series 2007A GO Warrants Rated 'AA+'; Outlook Stable Apr 13, 2007. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Huntsville-AL-s-Series-2007A-GO-Warrants-Rated-AA-Outlook-Stable-572821>
  
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