The 'A+' rating on Lapeer County, Mich.'s sewage disposal bonds reflects the limited-tax general obligation of the county. The county's limited-tax rating has been upgraded to the equivalent of an unlimited-tax rating due to sufficiently strong credit characteristics as reflected by the 'A' category rating. The rating reflects: Access to employment in the Detroit MSA, including Oakland County, Mich.; Continued strong tax base growth, Strong financial management with good reserve levels, and Moderate debt burden. Offsetting credit factors include a potentially cyclical economic base and somewhat below-average income levels. Lapeer County is north of Oakland and Macomb counties and the Detroit Metro area, and is east of Genesee County and Flint. Population growth has been steady as the southern section...
Companies mentioned in this report are: Lapeer Cnty
Action: New Rating
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