The 'AAA' rating on Salt Lake County, Utah's GO bonds series 2001 reflects: The county's status as a major regional economic center; Sustained strong population, employment, and tax base growth and diversification; Sound financial performance; and Very low debt. Salt Lake County's population of 843,271--representing 40% of the state's total population--grew 17% during the 1990s. Employment growth also has been strong, and unemployment (2.7% in 2000) has been below state and national rates since 1983. Salt Lake City, the county seat, is Utah's capital and economic center. The county's economy, anchored by state government and the University of Utah, features a diverse mix of services, trade, public sector, and manufacturing employment. Leading employers include Intermountain Health Care, Delta Airlines, U.S....
Companies mentioned in this report are:
- Salt Lake Cnty
Action: New Rating
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 >