Summary: Bay Cnty, MI; Tax Secured, General Obligation - S&P Global Ratings’ Credit Research

Summary: Bay Cnty, MI; Tax Secured, General Obligation

Summary: Bay Cnty, MI; Tax Secured, General Obligation - S&P Global Ratings’ Credit Research
Summary: Bay Cnty, MI; Tax Secured, General Obligation
Published Feb 03, 2003
359 words — Published Feb 03, 2003
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Abstract:

The 'A' rating on Bay County Auburn Road Drain District, Mich.'s bonds, issued for Bay County, reflects the county's automobile manufacturing-related economic base that is continuing to diversify, adequate financial position, and moderate taxpayer concentration. The county's limited-tax rating secures the bonds, but debt service will be paid by the benefiting townships. The bonds are issued to fund improvements to the Auburn Road Drain District. (For further information on the county's general credit characteristics, please refer to the most recent summary analysis on Bay County's GO debt rating on RatingsDirect.) The stable outlook reflects the GO outlook of the county.

  
Brief Excerpt:

RESEARCH Summary: Bay Cnty, MI; Tax Secured, General Obligation Publication date: 03-Feb-2003 Credit Profile AFFIRMED Bay Cnty Auburn Rd Dr Dist, Michigan $1.255 mil. Bay Cnty Auburn Rd Dr Dist (Bay Cnty) A OUTLOOK: STABLE Rationale...

  
Report Type:

Summary

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Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Bay Cnty, MI; Tax Secured, General Obligation" Feb 03, 2003. Alacra Store. Mar 28, 2024. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Bay-Cnty-MI-Tax-Secured-General-Obligation-296987>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Bay Cnty, MI; Tax Secured, General Obligation Feb 03, 2003. New York, NY: Alacra Store. Retrieved Mar 28, 2024 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Bay-Cnty-MI-Tax-Secured-General-Obligation-296987>
  
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