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Hamilton County Redevelopment Commission, IN's Series 2010 Tax Increment Revenue Bonds Rated 'BBB'; Outlook Stable
Standard & Poors, March 2010
CHICAGO (Standard & Poor's) March 26, 2010--Standard & Poor's Ratings Services has assigned its 'BBB' long-term rating to Hamilton County Redevelopment Commission, Ind.'s $7.075 million series 2010 tax increment revenue bonds, issued for Hamilton County. The outlook is stable. The rating reflects Standard & Poor's opinion of the district's high taxpayer concentration, with the 10 leading taxpayers accounting for 100% of assessed value (AV) and the leading taxpayer accounting for 52%. This weakness is somewhat offset by Standard & Poor's opinion of: The mature, established redevelopment area consisting primarily of retail properties, which has been collecting increment taxes since 1990; and A zero volatility ratio, which indicates that changes in valuations will not cause magnified changes in tax increment revenues....
Companies mentioned in this report are: Hamilton Cnty,Hamilton Cnty Redev Comm
Action: New Rating
Action: Outlook: Stable
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
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Hamilton Cnty,Hamilton Cnty Redev Comm