Greenville County, South Carolina; General Obligation, Local GO Sep 99
- ID: 2025977
- September 1999
- Region: South Carolina
- Standard & Poors
The rating upgrade on Greenville County, S.C.'s GO bonds reflects consistently strong management practices, as evidenced in sound long-term economic, financial, and capital planning. Other credit strengths include: A diversifying and well-performing economy, Steady tax base growth, A very strong financial position and outlook, Above-average wealth levels, and A low debt burden with limited future needs. The bonds are secured by the county's GO pledge. The county serves as the service, retail, and manufacturing center for the northwestern portion of the state. Over the past 10 years, strong county economic planning efforts have enabled the manufacturing sector to diversify away from the historically concentrated textile employment sector towards high-technology. Over that same period, the service and trade sectors have continued...
Companies mentioned in this report are:
- Greenville Cnty
Action: New Rating
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Research Type: Full Analysis