- Language: English
- 128 Pages
- Published: January 2012
- Region: Global, United States
Horry County, South Carolina; Tax Secured, General Obligation Aug 05
- Published: August 2005
- Region: South Carolina
- Standard & Poors
The 'AA-' rating on Horry County, S.C.'s GO bonds series 2005A and B reflects the county's: Location in the Myrtle Beach MSA, with a diversified employment base; Continued economic diversification; Strong financial performance and stable financial position; and Low overall debt burden on a market value basis. These strengths are tempered by slightly below-average wealth levels and the economic cyclicality associated with a tourism-based economy. The series 2005A and B bonds are secured by the general obligation of the county. A portion of the proceeds of the two series of bonds will used to refund the 2009-2022 maturities of the county's original principal amount $38.3 million GO bonds series 1999, as well as the 2010-2015 maturities of the county's original...
Companies mentioned in this report are: Horry 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.
Research Type: Full Analysis
SHOW LESS READ MORE >