Summary: Polk Cnty, IA; General Obligation, Local GO - S&P Global Ratings’ Credit Research

Summary: Polk Cnty, IA; General Obligation, Local GO

Summary: Polk Cnty, IA; General Obligation, Local GO - S&P Global Ratings’ Credit Research
Summary: Polk Cnty, IA; General Obligation, Local GO
Published Nov 12, 1996
644 words — Published Nov 12, 1996
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Abstract:

The rating upgrade on Polk County Health Services Inc., Iowa's bonds is due to the improved general creditworthiness of Polk County (upgraded to * AA+' from 'AA') and substantial progress by Polk County Health Services in acquiring properties for use as group homes with the bond proceeds, thus qualifying for the intergovernmental revenues used to support the bonds. The rating also reflects the moral obligation pledge of Polk County to replenish the debt service reserve fund, and self-supporting operations of the Polk County Health Services to date. Polk County Health Services is the coordinating board designated by the county to fulfill the county's mandated obligation to provide mental health services. The proceeds of the series 1991 and 1994 bonds were

  
Brief Excerpt:

RESEARCH Summary: Polk Cnty, IA; General Obligation, Local GO Publication date: 12-Nov-1996 Credit Profile AFFIRMED Polk Cnty Hlth Svcs Inc, Iowa $6.105 mil. Polk Cnty Hlth Svcs Inc (Polk Cnty) ser 91 94 A+ OUTLOOK: STABLE RATIONALE...

  
Report Type:

Summary

Issuer
Polk Cnty
Sector
Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Polk Cnty, IA; General Obligation, Local GO" Nov 12, 1996. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Polk-Cnty-IA-General-Obligation-Local-GO-65469>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Polk Cnty, IA; General Obligation, Local GO Nov 12, 1996. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Polk-Cnty-IA-General-Obligation-Local-GO-65469>
  
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