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 May 28, 2010
Published May 28, 2010
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Abstract:

Standard&Poor's Ratings Services assigned its 'AA' rating and stable outlook to Bay County, Mich.'s series 2010 general obligation (GO) limited-tax sewage disposal system revenue bonds. At the same time, we affirmed the 'AA' ratings on the county's outstanding debt. Our assessment of the county's credit quality is based on: The local economy's ties to Saginaw and Midland, with lessening dependence on the cyclical automobile industry; A good financial position, bolstered by strong reserves in the budget stabilization and delinquent tax funds; Evidence of good financial management practices and policies; and A moderate debt burden with minimal capital needs. Located in east-central Michigan, Bay County's 108,000 residents have access to the Midland and Saginaw employment bases. While the General

  
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Summary

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Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Bay County, Michigan; General Obligation" May 28, 2010. Alacra Store. Mar 29, 2024. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Bay-County-Michigan-General-Obligation-801323>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Bay County, Michigan; General Obligation May 28, 2010. New York, NY: Alacra Store. Retrieved Mar 29, 2024 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Bay-County-Michigan-General-Obligation-801323>
  
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