Hamilton County Public Building Corp., Indiana Hamilton County; General Obligation; General Obligation Equivalent Security Feb 08
Standard & Poors, February 2008
Abstract
The' AA+' rating on Hamilton County Public Building Corp., Ind.'s series 2008 first-mortgage bonds, issued for Hamilton County, is based on the county's: Diverse local tax and employment base, which participates in the Indianapolis area economy; Above-average wealth and income indicators, coupled with consistently low unemployment rates; and Strong overall financial operations, with above-average reserve levels. Mitigating factors include the county's high overall debt burden. The 'AA+' ratings on the county's parity GO debt have been affirmed. The corporation will use the proceeds from the series 2008 bonds to fund capital construction and expansion costs for the existing Hamilton County Corrections Complex, to redeem the outstanding series 2007B bond anticipation notes, and to pay interest during construction. The corporation will...
Companies mentioned in this report are: Hamilton Cnty,Hamilton Cnty Pub Bldg Corp
Action: New Rating
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Research Type: Full Analysis
Hamilton Cnty,Hamilton Cnty Pub Bldg Corp
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