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 May 30, 2014
1835 words — Published May 30, 2014
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Standard&Poor's Ratings Services affirmed its 'A' underlying rating (SPUR) on Goshen Redevelopment Commission, Ind.'s series 2005A and 2006B redevelopment district bonds, supported by the City of Goshen, based on Standard&Poor's local general obligation criteria released Sept. 12, 2013. The outlook is stable. 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 tax) will be levied, subject to circuit-breaker legislation, on all taxable property within the Goshen Redevelopment District, which is coterminous with Goshen. The circuit-breaker legislation places various tax caps on certain parcels of real estate, but the full funding

  
Brief Excerpt:

RESEARCH Summary: Goshen Redevelopment Commission, Indiana Goshen; General Obligation Publication date: 30-May-2014 Primary Credit Analyst: Kathryn A Clayton, Chicago (1) 312-233-7023; kathryn.clayton@standardandpoors.com Secondary...

  
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" May 30, 2014. Alacra Store. Mar 29, 2024. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Goshen-Redevelopment-Commission-Indiana-Goshen-General-Obligation-1324786>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Goshen Redevelopment Commission, Indiana Goshen; General Obligation May 30, 2014. New York, NY: Alacra Store. Retrieved Mar 29, 2024 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Goshen-Redevelopment-Commission-Indiana-Goshen-General-Obligation-1324786>
  
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.