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Summary: Hillsborough County, Florida; General Obligation; Miscellaneous Tax Sep 11

  • ID: 1924592
  • September 2011
  • Region: Florida
  • Standard & Poors

Abstract
Standard & Poor's Rating Services affirmed its 'AAA' long-term rating on Hillsborough County, Fla.'s general obligation (GO) debt and its 'AA+' rating on the county's outstanding debt secured by a covenant to budget and appropriate non-ad valorem revenues. The ratings reflect our view of the county's: Strong and diverse economic base that, while still hampered by a lagging recovery from the Great Recession, has positive long-term prospects; Consistently strong financial performance and management with a demonstrated capacity to adjust operating revenue and expenditures to maintain structurally balanced operations; and Low debt level at less than 1% of assessed value (AV). Hillsborough County, with a population of approximately 1.2 million, is situated in central-west coast of Florida, and includes Tampa as...

Companies mentioned in this report are:
- Hillsborough Cnty

Action: Affirmed
Action: Outlook: Stable

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- Hillsborough Cnty

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