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Annual Review of 'AAA' Rated Counties Feb 01
Standard & Poors, Feb 2001
Abstract
A deep, diverse, and growing economy, strong financial management, and a low debt burden are the hallmarks of 'AAA' rated counties. This rating category, by definition, represents extremely strong capacity to pay principal and interest. Typically, 'AAA' rated counties have demonstrated an ability to weather all economic cycles by maintaining tight budgetary controls, articulating and executing well-designed capital plans, maintaining sufficient reserves, and planning for future contingencies. Standard & Poor's currently rates 31 counties 'AAA', all of which have a stable outlook (see Table). The states with the most 'AAA' rated counties are North Carolina with five; Virginia with four; followed by, Maryland, New Jersey, and Texas, with three each. Additions to the 'AAA' list since our last review in...
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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