Summary: Hillsborough County, Florida; Special Assessments May 11

  • ID: 1806992
  • May 2011
  • Region: Florida
  • Standard & Poors
1 of 3

Standard & Poor's Ratings Services has affirmed its 'A+' rating with a stable outlook on Hillsborough County, Fla.'s series 2006 capital assessment and special assessment revenue bonds. The rating reflects our view of: A very large, mostly developed assessment district, with more than 34,000 parcels located throughout Hillsborough County (AAA/Stable general obligation rating); The assessment district's primarily single-family residential nature; Lack of special assessment payer concentration; Strong cash flows that are able to withstand the loss of 9% of special assessments, using the debt service reserve and additional available liquidity to augment special assessment revenues; and Maintenance of collection rates sufficient to pay debt service, despite very weak economic conditions; special assessment revenues provided 1.1x coverage of maximum annual debt...

Companies mentioned in this report are:
- Hillsborough Cnty

Action: Affirmed

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress READ MORE >

Note: Product cover images may vary from those shown
2 of 3

- Hillsborough Cnty

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown


  • Quick Help: This Credit Rating Report will be emailed to you.


If you have a more general question about our products please try our


Our Clients

  • Fluidigm Corporation
  • Apple, Inc.
  • CEVA Santé Animale
  • Abbott Laboratories Ltd.
  • Merck Group
  • Allergan Inc.
  • Pfizer Inc.