• 1-800-526-8630U.S. (TOLL FREE)
  • 1-917-300-0470EAST COAST U.S.
  • +353-1-416-8900REST OF WORLD

Summary: Orlando, FL; Tax Secured, Tax Increment Jan 02

  • ID: 1835643
  • January 2002
  • Standard & Poors

The 'A' rating on Orlando, Fla.'s tax increment revenue refunding and revenue bonds (downtown district project) series 2002 reflects: A large project area that has demonstrated relatively strong assessed valuation (AV) growth in recent years, The essentially strong nature of the underlying Orlando MSA economy, Legal provisions that include an additional bonds test of 1.50 times (x) and a debt service reserve funded at maximum annual debt service (MADS), and Strengthening MADS coverage levels that reached approximately 3.0x in fiscal 2001. An offsetting credit factor is the level of AV concentration among the leading taxpayers. The bonds are secured by tax increment revenues generated in the "downtown district" by Orlando, Orange County, and the downtown development board. The bonds will...

Companies mentioned in this report are: Orlando
Action: New Rating

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 READ MORE >

Note: Product cover images may vary from those shown


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


Our Clients

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