Summary:  Michigan Finance Authority   Bay County; General Obligation - S&P Global Ratings’ Credit Research

Summary: Michigan Finance Authority Bay County; General Obligation

Summary:  Michigan Finance Authority   Bay County; General Obligation - S&P Global Ratings’ Credit Research
Summary: Michigan Finance Authority Bay County; General Obligation
Published Jul 17, 2012
Published Jul 17, 2012
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Abstract:

Standard&Poor's Ratings Services has assigned its 'AA' long-term rating to Michigan Finance Authority's local government loan program revenue bonds, series 2012B (County of Bay local project bonds), issued on behalf of Bay County. At the same time, Standard&Poor's affirmed its 'AA' ratings on the county's existing debt. The outlook is stable. Our assessment of the county's credit quality is based on: The local economy's ties to Saginaw and Midland, A strong financial position, strengthened by very strong general fund reserves, Good financial management practices and policies; and A moderate debt burden with minimal capital needs. The local project bonds are payable from the repayment of a loan made by the authority to the county. The county's

  
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Summary

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Global Issuers, Public Finance, Structured Finance
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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.

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MLA:
S&P Global Ratings’ Credit Research. "Summary: Michigan Finance Authority Bay County; General Obligation" Jul 17, 2012. Alacra Store. Jan 28, 2022. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Michigan-Finance-Authority-Bay-County-General-Obligation-988872>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Michigan Finance Authority Bay County; General Obligation Jul 17, 2012. New York, NY: Alacra Store. Retrieved Jan 28, 2022 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Michigan-Finance-Authority-Bay-County-General-Obligation-988872>
  
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