Grand River Floodwalls & Embankments Drainage District, Michigan; General Obligation, Local GO; General Obligation, Local Limited Tax; General Obligation, Special District Jun 00

Standard & Poors, June 2000

Abstract
The rating on the Grand River Floodwalls and Embankments Drainage District, Mich.'s bonds is based on Kent County's limited-tax GO pledge. Bond proceeds will be used to construct flood control facilities in the city of Grand Rapids and are expected to be paid from special assessments assessed against the city at large. Kent County's 'AAA' GO rating reflects: An expanding economic base anchored by a broad manufacturing sector; Continued tax base growth; High financial reserves; and Manageable debt burden. Kent County, anchored by the city of Grand Rapids, is the leading economic center in western Michigan. The area exhibits a diversified, manufacturing-based economy with significant presence in the furniture, auto parts, and consumer products industries. Tax base growth has been...

Companies mentioned in this report are:
- Grand River Flood Walls & Embankment Dr Dist

Action: New Rating

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Research Type: Full Analysis

- Grand River Flood Walls & Embankment Dr Dist

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