- Published: May 2012
- Region: New York, United States
Summary: Monterey Park Public Financing Authority, California Monterey Park Redevelopment Agency; Tax Increment Jun 11
- Published: June 2011
- Region: California
- Standard & Poors
Standard & Poor's Ratings Services affirmed its 'BBB+' long-term rating and stable outlook on Monterey Park Public Financing Authority, Calif.'s series 1998 tax allocation bonds, issued for Monterey Park Redevelopment Agency. The rating reflects our assessment of: The project area's moderately high taxpayer base concentration, and A moderately high volatility ratio of .40. The rating further reflects our view of the project area's: A small project area with participation in the greater Los Angeles area economy, and Adequate bond provision allowing for an additional bonds test (ABT) of 1.25x maximum annual debt service (MADS). The bonds are secured by loan agreement between the authority and the agency's merged project area. Project area tax increment revenues, net of senior pass-throughs and...
Companies mentioned in this report are: Monterey Park Redev Agy,Monterey Park Pub Fin Auth
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Monterey Park Redev Agy,Monterey Park Pub Fin Auth