Contracting Out Government Functions and Services: Emerging Lessons from Post-Conflict and Fragile Situations
- Published: December 2009
BOSTON (Standard & Poor's) Sept. 14, 2011--Standard & Poor's Ratings Services has revised the outlook on its underlying rating (SPUR) on Collier County, Fla.'s series 2003 and 2005 capital improvement revenue bonds to stable from negative due to the stabilization of pledged revenues and a decrease in aggregate maximum annual debt service (MADS) resulting from the defeasance of the county's series 2002 capital improvement revenue bonds. At the same time, Standard & Poor's affirmed its 'AA-' SPUR on the series 2003 and 2005 bonds. Standard & Poor's believes additional credit factors include: Strong legal provisions that include a 1.35x additional bonds test; County officials' lack of plans to issue additional parity debt; and The persistence of weak underlying economic conditions,...
Companies mentioned in this report are: Collier Cnty
Action: Outlook: Stable
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