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Haldimand (County of) Jun 11
Standard & Poors, June 2011
Abstract
Sound operating performance Manageable debt Robust liquidity Economy that is less diversified than those of peers Modest economic prospects, which ongoing Native land claims dispute compounds Delayed financial reporting The ratings on the County of Haldimand, in the Province of Ontario (AA-/Stable/A-1+), reflect Standard & Poor's Ratings Services' assessment of the county's sound operating performance, manageable debt burden, and robust liquidity. Constraining our ratings is what we view as a local economy that is less diversified relative to those of peers, modest economic prospects that an ongoing land claim dispute hinders, and slow financial reporting. We believe Haldimand's credit quality benefits from its low debt burden that is comparable with more highly rated domestic and international peers. Despite increasing in...
Companies mentioned in this report are: Haldimand (Cnty of)
Action: Review
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: Full Analysis
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