Summary: Marquette Building Authority, Michigan   City of Marquette; General Obligation; General Obligation Equivalent Security; Miscellaneous Tax - S&P Global Ratings’ Credit Research

Summary: Marquette Building Authority, Michigan City of Marquette; General Obligation; General Obligation Equivalent Security; Miscellaneous Tax

Summary: Marquette Building Authority, Michigan   City of Marquette; General Obligation; General Obligation Equivalent Security; Miscellaneous Tax - S&P Global Ratings’ Credit Research
Summary: Marquette Building Authority, Michigan City of Marquette; General Obligation; General Obligation Equivalent Security; Miscellaneous Tax
Published Jun 29, 2018
8 pages (3459 words) — Published Jun 29, 2018
Price US$ 225.00  |  Buy this Report Now

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Abstract:

S&P Global Ratings assigned its 'AA' long-term rating to the City of Marquette Building Authority, Mich.'s $1.035 million series 2018 limited-tax general obligation (GO) building authority bonds, and $4.49 million series 2018 limited-tax general obligation (GO) capital improvement bonds, reflecting the limited-tax GO pledge of the City of Marquette. S&P Global Ratings also affirmed its 'AA' long-term rating and underlying rating on the city's existing GO debt. The outlook on all ratings is stable. The 'AA' rating reflects the limited-tax GO pledge of Marquette. The city's existing and proposed limited-tax GO bonds are payable from ad valorem taxes levied on all taxable property, subject to statutory limitations. Despite the limitations, we rate the limited-tax GO debt at the same level

  
Brief Excerpt:

...S&P Global Ratings assigned its '##' long-term rating to the City of Marquette Building Authority, Mich.'s $1.035 million series 2018 limited-tax general obligation (GO) building authority bonds, and $4.49 million series 2018 limited-tax general obligation (GO) capital improvement bonds, reflecting the limited-tax GO pledge of the City of Marquette. S&P Global Ratings also affirmed its '##' long-term rating and underlying rating on the city's existing GO debt. The outlook on all ratings is stable. The '##' rating reflects the limited-tax GO pledge of Marquette. The city's existing and proposed limited-tax GO bonds are payable from ad valorem taxes levied on all taxable property, subject to statutory limitations. Despite the limitations, we rate the limited-tax GO debt at the same level as our view of the city's general creditworthiness as is expressed in the rating on unlimited-tax GO bonds. Officials will use bond proceeds from all the above-mentioned obligations to fund various infrastructure...

  
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Marquette Building Authority, Michigan City of Marquette; General Obligation; General Obligation Equivalent Security; Miscellaneous Tax" Jun 29, 2018. Alacra Store. Mar 28, 2024. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Marquette-Building-Authority-Michigan-City-of-Marquette-General-Obligation-General-Obligation-Equivalent-Security-Miscellaneous-Tax-2065622>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Marquette Building Authority, Michigan City of Marquette; General Obligation; General Obligation Equivalent Security; Miscellaneous Tax Jun 29, 2018. New York, NY: Alacra Store. Retrieved Mar 28, 2024 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Marquette-Building-Authority-Michigan-City-of-Marquette-General-Obligation-General-Obligation-Equivalent-Security-Miscellaneous-Tax-2065622>
  
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