Summary: Greenville County, South Carolina; General Obligation Jun 10

Standard & Poors, June 2010

Abstract
Standard & Poor's Ratings Services assigned its 'AAA' rating, and stable outlook, to Greenville County, S.C.'s series 2010A and 2010B general obligation (GO) bonds and affirmed its 'AAA' rating, with a stable outlook, on the county's existing GO debt. The rating reflects the county's: Strong and diversifying local economy that has remained stable during the recession, Continued maintenance of sound financial operations and strong financial position, and Favorable overall debt position with modest additional capital needs. The county's full faith and credit pledge secures the bonds. Officials plan to use bond proceeds to fund capital equipment purchases for the Fountain Inn Fire Service Area (2010A) and Tigerville Fire District (2010B) and refund the district's GO bonds outstanding, issued for Tigerville,...

Companies mentioned in this report are:
- Greenville Cnty

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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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.

- Greenville Cnty

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