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Summary: Marysville Public Financing Authority, California, Marysville; Appropriations Sep 11

  • ID: 1885793
  • September 2011
  • Region: California
  • Standard & Poors

Standard & Poor's Ratings Services assigned its 'A-' long-term rating to Marysville Public Financing Authority, Calif.'s series 2011 taxable refunding certificates of participation (COPs), issued on behalf of Marysville. At the same time, Standard & Poor's affirmed its long-term 'A-' rating on the city's outstanding COPs. The outlook on all ratings is negative. The rating reflects our view of the city's: Adequate household income levels, as evidenced by an effective buying income (EBI) equivalent to 81% of the national level; Diverse property tax base, with the leading 10 taxpayers representing 17.5% of total assessed value (AV); and Below-average debt levels. The rating is constrained by our view of the city's: Low unreserved fund balance equivalent to 0.14% of general fund...

Companies mentioned in this report are: Marysville,Marysville Pub Fincg Auth
Action: Affirmed
Action: New Rating
Action: Outlook: Negative

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Marysville,Marysville Pub Fincg Auth

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