Summary: Richland Cnty, SC; Tax Secured, General Obligation Sep 02

Standard & Poors, September 2002

Abstract
The 'AA' ratings on Richland County, S.C.'s GO bonds series 2002A and B reflect: A strong local economy anchored by the state capital and led by the government and health care centers; Income levels that are on par with the national level but above average for the state; A low overall net debt burden and carrying charge; and A large, although declining, fund balance The bonds are secured by the county's full faith and credit GO pledge. Proceeds from the series A bonds will be used to provide funds for the purchase of property, construction, and equipment for new fire stations including two pumpers and two tankers. The series B bonds will be used to finance the renovation of the...

Companies mentioned in this report are:
- Richland Cnty

Action: New Rating

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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.

- Richland Cnty

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