Summary: Goshen, Indiana; Water/Sewer - S&P Global Ratings’ Credit Research

Summary: Goshen, Indiana; Water/Sewer

Summary: Goshen, Indiana; Water/Sewer - S&P Global Ratings’ Credit Research
Summary: Goshen, Indiana; Water/Sewer
Published May 05, 2010
Published May 05, 2010
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

The 'A+' long-term rating assigned to Goshen, Ind.'s series 2010 sewage works refunding revenue bonds is based on the following credit factors: Approved rate increases through 2011; A diverse customer base, in Standard&Poor's Ratings Services' opinion; Maintenance of debt service coverage and liquidity ratios we consider at least good; Limited additional debt needs; and Bond covenants we consider adequate, as the city has covenanted to maintain rates at a level at least sufficient for debt service and operations, and the requirement that net revenues be at least 1.25x pro forma maximum annual debt service in order for additional debt to be issued. Offsetting these strengths are economic indicators that do not compare well with state or national averages,

  
Report Type:

Summary

Issuer
Sector
Public Finance
Country
Region
Format:
HTML HTML
Buy Now

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: Goshen, Indiana; Water/Sewer" May 05, 2010. Alacra Store. Jan 28, 2022. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Goshen-Indiana-Water-Sewer-797100>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Goshen, Indiana; Water/Sewer May 05, 2010. New York, NY: Alacra Store. Retrieved Jan 28, 2022 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Goshen-Indiana-Water-Sewer-797100>
  
US$ 225.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.