Summary: Goshen Redevelopment Commission, Indiana   Goshen; General Obligation - S&P Global Ratings’ Credit Research

Summary: Goshen Redevelopment Commission, Indiana Goshen; General Obligation

Summary: Goshen Redevelopment Commission, Indiana   Goshen; General Obligation - S&P Global Ratings’ Credit Research
Summary: Goshen Redevelopment Commission, Indiana Goshen; General Obligation
Published Sep 05, 2012
Published Sep 05, 2012
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Standard&Poor's Ratings Services has affirmed its 'A' underlying rating (SPUR) on Goshen Redevelopment Commission, Ind.'s redevelopment district bonds series 2005A and 2006B, supported by the city of Goshen. The outlook is stable. The rating reflects our view of the city's: Manufacturing-based local economy with access to the larger South Bend metropolitan area employment base; Adequate income and wealth levels; Strong reserves on a cash basis of accounting, bolstered by an outside fund; and Moderate overall debt burden. High unemployment tempers these credit strengths. Incremental real property tax revenues from three economic development areas are pledged to pay debt service on the bonds. To the extent tax increment revenues are insufficient, a special benefits tax (an ad valorem property

  
Report Type:

Summary

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

More from S&P Global Ratings’ Credit Research

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 Redevelopment Commission, Indiana Goshen; General Obligation" Sep 05, 2012. Alacra Store. Jan 27, 2022. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Goshen-Redevelopment-Commission-Indiana-Goshen-General-Obligation-1007395>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Goshen Redevelopment Commission, Indiana Goshen; General Obligation Sep 05, 2012. New York, NY: Alacra Store. Retrieved Jan 27, 2022 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Goshen-Redevelopment-Commission-Indiana-Goshen-General-Obligation-1007395>
  
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.