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

  • ID: 1886925
  • September 2011
  • Region: California
  • Standard & Poors
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FEATURED COMPANIES

  • Marysville
  • Marysville Pub Fincg Auth
  • MORE

Abstract
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

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 READ MORE >

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- Marysville
- Marysville Pub Fincg Auth

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