Summary: Tacoma, WA; Tax Secured, Miscellaneous Tax - S&P Global Ratings’ Credit Research

Summary: Tacoma, WA; Tax Secured, Miscellaneous Tax

Summary: Tacoma, WA; Tax Secured, Miscellaneous Tax - S&P Global Ratings’ Credit Research
Summary: Tacoma, WA; Tax Secured, Miscellaneous Tax
Published Jul 14, 2004
896 words — Published Jul 14, 2004
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Standard&Poor's Ratings Services assigned its 'A' rating to the City of Tacoma, Wash.'s $32.975 million, series 2004A convention center and parking revenue bonds, reflecting: Good coverage of debt service by combined sales and use tax and net parking system revenues; A strong regional economy that participates in the greater Puget Sound metropolitan area; and A legal structure that prevents sales and use tax revenues from being used for any other projects. The bonds are secured by a pledge of sales and use taxes and by net revenues of the Tacoma parking system. The bonds are being issued to take out commercial paper used during the construction of the Tacoma Convention Center. Tacoma is also issuing $52 million in

  
Brief Excerpt:

RESEARCH Summary: Tacoma, WA; Tax Secured, Miscellaneous Tax Publication date: 14-Jul-2004 Credit Profile US$32.975 mil rev bnds (Convention Ctr) ser 2004A due 12/01/2024 A Sale date: 24-JUL-2004 OUTLOOK: STABLE Rationale Standard &...

  
Report Type:

Summary

Issuer
Sector
Global Issuers, Public Finance
Country
Region
Format:
HTML HTML
Buy Now

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.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: Tacoma, WA; Tax Secured, Miscellaneous Tax" Jul 14, 2004. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Tacoma-WA-Tax-Secured-Miscellaneous-Tax-385021>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Tacoma, WA; Tax Secured, Miscellaneous Tax Jul 14, 2004. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Tacoma-WA-Tax-Secured-Miscellaneous-Tax-385021>
  
US$ 225.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.