Summary: Houston Cnty, AL; Tax Secured, General Obligation - S&P Global Ratings’ Credit Research

Summary: Houston Cnty, AL; Tax Secured, General Obligation

Summary: Houston Cnty, AL; Tax Secured, General Obligation - S&P Global Ratings’ Credit Research
Summary: Houston Cnty, AL; Tax Secured, General Obligation
Published May 21, 2004
815 words — Published May 21, 2004
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Abstract:

The 'A' rating on the general obligation warrants issued by Houston County, Ala. is affirmed. The rating reflects the county's: Position as a regional economic center for southeast Alabama; Sound financial performance and position; and Low debt burden coupled with limited future capital needs. Offsetting rating factors include a concentrated property tax base and below average income levels. The warrants are secured by the full faith and credit of the county. Houston County (population 91,500) and the county seat of Dothan serve as a regional trade and health care center for the surrounding rural counties within Alabama, and for parts of Florida and Georgia. Leading employers in the area include several regional hospitals, Sony Magnetic Tape Products, Purdue Farms Inc.,

  
Brief Excerpt:

RESEARCH Summary: Houston Cnty, AL; Tax Secured, General Obligation Publication date: 21-May-2004 Credit Analyst: Wendy Wipperman, Dallas (1) 214-871-1421; Peter V Murphy, New York (1) 212-438-2065 Credit Profile AFFIRMED $2.225 mil....

  
Report Type:

Summary

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Sector
Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Houston Cnty, AL; Tax Secured, General Obligation" May 21, 2004. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Houston-Cnty-AL-Tax-Secured-General-Obligation-375833>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Houston Cnty, AL; Tax Secured, General Obligation May 21, 2004. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Houston-Cnty-AL-Tax-Secured-General-Obligation-375833>
  
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