- Published: March 2011
Summary: Bach & Branches Drain Drainage District, Michigan Tuscola County; General Obligation; General Obligation Equivalent Security
- Published: May 2006
- Standard & Poors
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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
The 'A-' rating on Bach and Branches Drain Drainage District, Mich.'s series 2006 drain bonds, which are secured by a general obligation pledge of Tuscola County, reflects the county's credit characteristics, which include: Healthy tax base gains, which are anticipated to continue as the demand for residential development in the southern portion of the county remains strong; Strong combined reserves in the general fund and delinquent tax fund bolstered by a formal fund balance policy that protects reserve levels; and Moderate per capita debt burden coupled with limited capital needs going forward. These factors are mitigated by the county's: Relatively limited local area economy, with an emphasis on agriculture; and Consistently above-average unemployment rates. The drainage district has no taxing...
Companies mentioned in this report are: Tuscola Cnty,Tuscola Cnty Bldg Auth,Northwest Drain Drainage Dist,Alder Creek & Branches Drain Drainage Dist,Sebewaing Intercounty Drainage Dist,Bach & Branches Dr Drainage Dist
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Tuscola Cnty,Tuscola Cnty Bldg Auth,Northwest Drain Drainage Dist,Alder Creek & Branches Drain Drainage Dist,Sebewaing Intercounty Drainage Dist,Bach & Branches Dr Drainage Dist
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