Summary: Kent County, Michigan; General Obligation; General Obligation Equivalent Security Sep 11

Standard & Poors, September 2011

Abstract
Standard & Poor's Ratings Services assigned its 'AAA' long-term rating to Kent County, Mich.'s series 2011 revenue refunding bonds. Standard & Poor's also affirmed its 'AAA' long-term rating, with a stable outlook, on the existing general obligation (GO) debt, issued by various entities. The rating reflects what we see as Kent County's: Maintenance of a very strong financial position, coupled with strong financial management practices; Diversifying manufacturing-based economy, with an expanding services industry; Strong wealth and good income indicators; Robust property tax base of more than $43 billion; and Moderate overall debt burden. The bonds are secured by net revenues derived by Kent County from operation of the Gerald R. Ford International Airport (BBB+/Stable), as well as the county's obligation...

Companies mentioned in this report are:
- Kent Cnty

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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 an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

- Kent Cnty

Customers who bought this item also bought

• Redesigning the Public Library Building
• County Directory
• Teacher Recruitment Agencies (UK)
• Servant Leadership for Higher Education. Principles and Practices
• Library Use of eBooks, 2012 Edition
• The Shaping School Culture Fieldbook. 2nd Edition
• 2009 Public Sector - UK Key Corporate Changes
• The Survey of Institutional Digital Repositories, 2012-13 Edition
• The Survey of Library Public Relations Practices
• WAN Route Towards PSN Connectivity: A Summary of the UK Local Government Wide Area Networking Market