- Published: May 2012
- Region: United States
Summary: Decatur, AL; General Obligation, Local GO May 97
- Published: May 1997
- Standard & Poors
The rating on Decatur, Ala.'s bonds reflects a sizable manufacturing- based economy marked by steady growth and development; income on par with the nation, but well above state and regional averages; conservative financial management with strong reserves, and moderate direct debt. Offsetting these strengths is a measure of concentration in heavy manufacturing industries, which could lead to some cyclical swings in the city's economic performance. Tax base growth is strong, reflecting current industrial development trends, led by the construction of Trico Steel Co.'s $450 million steel manufacturing plant. This mini-mill commenced production in the first quarter of 1997 and related spin-off developments have recently been announced. The continued development of the industrial base has led to steady increases in labor...
Companies mentioned in this report are: Decatur
Action: New Rating
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