- Language: English
- 46 Pages
- Published: December 2011
- Region: World
Summary: Yucca Valley Redevelopment Agency, California; Tax Increment
- Published: May 2011
- Standard & Poors
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Standard & Poor's Ratings Services affirmed its 'A-' rating on Yucca Valley Redevelopment Agency, Calif.'s tax allocation bonds. The outlook is stable. The rating reflects our view of the agency's: Large project area consisting mostly of commercial, residential, and vacant land uses; Good maximum annual debt service (MADS) coverage in fiscal 2011; and Good additional bonds test (ABT). The above strengths are offset in part by our view of: Declines in project area assessed valuation (AV) in fiscals 2010 and 2011, and The agency's relatively young project area, which results in moderately high volatility in base-to-total AV. The bonds are secured by tax increment revenues net of low- and moderate-income housing set-asides and county administrative charges attributable to the Yucca...
Companies mentioned in this report are: Yucca Vy Redev Agy
Action: Outlook: Stable
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Yucca Vy Redev Agy
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