Summary: Bay County, Michigan; General Obligation - S&P Global Ratings’ Credit Research

Summary: Bay County, Michigan; General Obligation

Summary: Bay County, Michigan; General Obligation - S&P Global Ratings’ Credit Research
Summary: Bay County, Michigan; General Obligation
Published Oct 19, 2021
Published Oct 19, 2021
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Abstract:

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. A pledge of the net revenues from the Bay Area Water Treatment Plant and Raw Water Transmission Mains System as

  
Report Type:

Summary

Issuer
Sector
Public Finance
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Region
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Bay County, Michigan; General Obligation" Oct 19, 2021. Alacra Store. Nov 30, 2021. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Bay-County-Michigan-General-Obligation-2740584>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Bay County, Michigan; General Obligation Oct 19, 2021. New York, NY: Alacra Store. Retrieved Nov 30, 2021 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Bay-County-Michigan-General-Obligation-2740584>
  
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