|
|
 |
|
Viewing report
|
|
|
|
California's Central Valley: Diversity Within Agriculture May 99
Standard & Poors, May 1999
Abstract
Debt issuers located in California's central valley present a contrasting array of credit strengths and weaknesses that Standard & Poor's must weigh when assigning a rating. For one, the economic bases of issuers throughout the central valley are concentrated primarily in one industry--agriculture. Typically, economies concentrated in one industry are thought to be of inherently higher credit risk. Areas with a heavy agricultural presence also tend to display economic indicators that lag behind non-agriculture based communities in significant ways. These weaknesses not withstanding, many credit ratings throughout the central valley are comfortably in the medium to medium-high investment-grade categories. This is because Standard & Poor's recognizes that the central valley benefits from certain favorable characteristics. First, while they are concentrated...
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.
|
|
|
|
