- Language: English
- 128 Pages
- Published: January 2012
- Region: Global, United States
Summary: Cook Cnty, IL; Public Finance Structured, Liquidity Facility; Tax Secured, General Obligation Aug 02
- Published: August 2002
- Standard & Poors
The long-term rating and Standard & Poor's underlying rating (SPUR) upgrade on Cook County, Ill.'s GO bonds to 'AA' and 'AA' SPUR reflects the county's substantial completion of its capital building program, which resulted in a new jail and county hospital, and decreasing need to subsidize health care operations due to reduced hospital operating costs. Additional credit factors are the county's: Strong and diverse economy with sustained tax base growth; Significant $341 billion tax base, which includes Chicago, Ill. and more than 50 suburbs; and Sound financial operations and strong, sustained liquidity. The county's growing overall debt burden, with high per capita debt, is an offsetting factor. The county is nearing completion of its new Stroger County Hospital, a 464-bed,...
Companies mentioned in this report are:
- Cook Cnty
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. SHOW LESS READ MORE >
- Cook Cnty