Summary: Monroe, Louisiana; Tax Increment - S&P Global Ratings’ Credit Research

Summary: Monroe, Louisiana; Tax Increment

Summary: Monroe, Louisiana; Tax Increment - S&P Global Ratings’ Credit Research
Summary: Monroe, Louisiana; Tax Increment
Published Sep 13, 2017
5 pages (1936 words) — Published Sep 13, 2017
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Standard&Poor's Ratings Services affirmed its 'A' underlying rating (SPUR) on Monroe, La.'s sales tax increment revenue debt issued for the Garrett Road Economic Development Area (the district). The outlook is stable. The rating reflects our view of the district's : More than 3x maximum annual debt service (MADS) coverage by pledged fiscal 2014 incremental sales tax revenue; Closed flow of funds for pledged state incremental sales tax and no plans to issue debt in the near term; Mandate to use only excess pledged state incremental sales tax revenues to pay debt service, which allows for the accumulation of surplus funds dedicated to bond debt service; and Dependence on city-apportioned sales tax revenue, lessening the likelihood that the project

  
Brief Excerpt:

...(Editor's Note: The original report, published Dec. 9, 2015, reflected an error in the application of our criteria. The criteria determined to be applicable to the issue is highlighted in our report published on Sept. 13, 2017.) Credit Profile...

  
Report Type:

Summary

Issuer
Monroe
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Monroe, Louisiana; Tax Increment" Sep 13, 2017. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Monroe-Louisiana-Tax-Increment-1914548>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Monroe, Louisiana; Tax Increment Sep 13, 2017. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Monroe-Louisiana-Tax-Increment-1914548>
  
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