Summary: Village Of Holly, Michigan; Water/Sewer - S&P Global Ratings’ Credit Research

Summary: Village Of Holly, Michigan; Water/Sewer

Summary: Village Of Holly, Michigan; Water/Sewer - S&P Global Ratings’ Credit Research
Summary: Village Of Holly, Michigan; Water/Sewer
Published Jan 18, 2008
915 words — Published Jan 18, 2008
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Abstract:

Standard&Poor's Ratings Services affirmed its 'A' long-term rating on the Village of Holly, Mich.'s series 2004 wastewater revenue bonds. The 'A' rating reflects the following strengths: The village's participation in Oakland and Genesee counties' diverse economies; Average wealth and income levels; Good (1.4x) coverage of maximum annual debt service (MADS) from existing operations; and Ample liquidity. Constraining weaknesses include: Moderately high sewer rates; and Small customer base. Net revenues of the wastewater system secure the series 2004 bonds. The village's wastewater system serves residents of the 2.5-square-mile village (population 6,179) and a portion of Holly Township. The system has a stable customer base that has grown by 552 customers between 2002 and 2006 for a total growth rate

  
Brief Excerpt:

RESEARCH Summary: Village Of Holly, Michigan; Water/Sewer Publication date: 18-Jan-2008 Primary Credit Analyst: Nancy DeNapoli, Chicago (1) 312-233-7013; nancy_denapoli@standardandpoors.com Secondary Credit Analyst: Steffanie Dyer,...

  
Report Type:

Summary

Issuer
Holly Vill
Sector
Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Village Of Holly, Michigan; Water/Sewer" Jan 18, 2008. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Village-Of-Holly-Michigan-Water-Sewer-626530>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Village Of Holly, Michigan; Water/Sewer Jan 18, 2008. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Village-Of-Holly-Michigan-Water-Sewer-626530>
  
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