Summary: Richland Cnty, SC; Tax Secured, General Obligation Sep 02
- ID: 2024770
- September 2002
- Standard & Poors
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
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.