Home Credit Ratings and Research S&P Global Ratings’ Credit Research Springdale

Summary: Springdale, Arkansas; Sales Tax

Published Aug 13, 2013

1689 words — Published Aug 13, 2013

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Abstract:

Standard&Poor's Ratings Services raised its underlying rating (SPUR) on Springdale, Ark.'s series 2006 sales-and-use tax bonds one notch to 'A+' from 'A'. The outlook is stable. The upgrade reflects our assessment of the city's improved debt service coverage (DSC) due to the upcoming refunding and the recent rebound in sales tax revenue. Standard&Poor's also assigned its 'A+' long-term rating and stable outlook to the city's series 2013 sales-and-use tax refunding bonds. Officials intend to use series 2013 bond proceeds to refund all series 2006 bonds for an estimated net present value savings of $4.3 million; therefore, we will likely withdraw the rating on the series 2006 bonds once the city has finalized the refunding. The rating

Brief Excerpt:

RESEARCH Summary: Springdale, Arkansas; Sales Tax Publication date: 13-Aug-2013 Primary Credit Analyst: Omar M Tabani, Dallas (1) 214-871-1472; omar.tabani@standardandpoors.com Secondary Contact: Jennifer K Garza (Mann), Dallas (1)...

Report Type:

Summary

Issuer

Springdale

Sector

Global Issuers, Public Finance

Country

United States

Region

United States

Format:

HTML

Summary: Springdale, Arkansas; Sales Tax – 2018/03/28 – US$ 225.00

Springdale, AR Bond Rating Lowered To 'A+' On Debt Coverage Risk – 2019/01/23 – US$ 150.00

Summary: Springdale, Arkansas; Sales Tax – 2019/01/23 – US$ 225.00

Springdale, AR Series 2022A Water And Sewer Revenue Bonds Rated ?AA-?; Outlook Is Stable – 2022/04/05 – US$ 150.00

Summary: Springdale, Arkansas; Water/Sewer – 2022/04/05 – US$ 225.00

Springdale, AR's Improved Debt Service Coverage Elevates Sales And Use Tax Bond Rating To 'A+' – 2013/08/13 – US$ 150.00

Summary: Springdale, Arkansas; Sales Tax – 2012/10/12 – US$ 225.00

Springdale, AR's Declining Sales Tax Revenues, Significantly Reduced Coverage Cut Debt Rating Two Notches To 'A' – 2010/04/09 – US$ 150.00

Summary: Springdale, Arkansas; Sales Tax – 2010/04/09 – US$ 225.00

Summary: Springdale, Arkansas; Water/Sewer – 2009/03/25 – US$ 225.00

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MLA:	S&P Global Ratings’ Credit Research. "Summary: Springdale, Arkansas; Sales Tax" Aug 13, 2013. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Springdale-Arkansas-Sales-Tax-1178026>

APA:	S&P Global Ratings’ Credit Research. (). Summary: Springdale, Arkansas; Sales Tax Aug 13, 2013. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Springdale-Arkansas-Sales-Tax-1178026>

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