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 Dec 27, 2007
1340 words — Published Dec 27, 2007
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

The 'A' rating on Hazelwood, Mo.'s series 2008 certificates of participation reflects the 'A+' rating on the city's GO bonds and annual appropriation risk. The 'A+' rating has been affirmed and 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 'A' rating on the city's capital projects bonds, issued by the Hazelwood Industrial Development Authority, reflects annual appropriation risk. The city's pledge to pay base rentals, subject to annual appropriation and pursuant to a lease/purchase agreement, secures the 2008 certificates. The city will

  
Brief Excerpt:

RESEARCH Summary: Hazelwood, Missouri; Appropriations; General Obligation Publication date: 27-Dec-2007 Primary Credit Analyst: John Kenward, Chicago (1) 312-233-7003; john_kenward@standardandpoors.com Secondary Credit Analyst: Kathryn...

  
Report Type:

Summary

Issuer
Sector
Global Issuers, 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: Hazelwood, Missouri; Appropriations; General Obligation" Dec 27, 2007. Alacra Store. May 25, 2024. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Hazelwood-Missouri-Appropriations-General-Obligation-623136>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Hazelwood, Missouri; Appropriations; General Obligation Dec 27, 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-623136>
  
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.