Summary: Hazelwood, Missouri; Appropriations; General Obligation - S&P Global Ratings’ Credit Research

Summary: Hazelwood, Missouri; Appropriations; General Obligation

Summary: Hazelwood, Missouri; Appropriations; General Obligation - S&P Global Ratings’ Credit Research
Summary: Hazelwood, Missouri; Appropriations; General Obligation
Published Jun 06, 2007
1279 words — Published Jun 06, 2007
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Abstract:

The 'A+' rating on Hazelwood, Mo.'s series 2007 GO street bonds reflects the city's: Participation in the diverse St. Louis metropolitan area economy, Substantial and diverse job base in spite of having recently lost a major employer, Average income levels, Good financial operations with growing reserves following property and sales tax increases, and Moderate debt burden. The series 2007 bonds were approved by voter referendum in November 2004. Bond proceeds will be used to finance street improvements. The 'A' rating on the city's capital projects bonds issued by the Hazelwood Industrial Development Authority reflects annual appropriation risk. Hazelwood is located in northern St. Louis County just north of Lambert-St. Louis International Airport, about 15 miles northwest of downtown St. Louis.

  
Brief Excerpt:

RESEARCH Summary: Hazelwood, Missouri; Appropriations; General Obligation Publication date: 06-Jun-2007 Current Ratings >> Credit Profile US$6.63 mil GO street bnds ser 2007 due 03/01/2027 Long Term Rating A+/Stable New Hazelwood...

  
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Summary

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Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Hazelwood, Missouri; Appropriations; General Obligation" Jun 06, 2007. Alacra Store. May 25, 2024. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Hazelwood-Missouri-Appropriations-General-Obligation-582635>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Hazelwood, Missouri; Appropriations; General Obligation Jun 06, 2007. New York, NY: Alacra Store. Retrieved May 25, 2024 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Hazelwood-Missouri-Appropriations-General-Obligation-582635>
  
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