The 'AA+' ratings on Polk County, Iowa's GO bonds reflects the following credit factors: Participation in the strong and diverse Des Moines, Iowa MSA economy; Economic vitality and growth stemming from considerable public and private investment in substantial capital projects; A stable financial position with strong management; and Favorable debt ratios and limited future capital needs. Payment of debt service on the bonds is secured with the county's unlimited-tax GO pledge. The county's moral obligation pledge secures Polk County Health Services' ('A+') bonds outstanding. Polk County forms the base of the Des Moines MSA, which is a growing and diversified regional economic center in central Iowa. The county's substantial employment base is anchored by a number of firms in the
