- Language: English
- Published: August 2013
- Region: Kuwait
Summary: Monaca Borough, Pennsylvania; General Obligation Nov 11
- Published: November 2011
- Region: Pennsylvania
- Standard & Poors
Standard & Poor's Ratings Services has assigned its 'A' long-term rating to Monaca Borough, Pa.'s series 2011 general obligation (GO) bonds. The outlook is stable. The rating reflects our opinion of the borough's: Stable, residential tax base; Very strong financial position, albeit on a modified cash basis of accounting, and proactive management of expenditures; and Moderate overall net debt burden with limited additional financing needs. These strengths are somewhat mitigated, in our opinion, by the borough's industrial employment base, contributing to adequate income levels and low market value per capita. The borough's full faith, credit, and taxing power secures the GO bonds. Officials plan on using a portion of proceeds to currently refund all of the borough's series 2003 bonds...
Companies mentioned in this report are: Monaca Boro
Action: New Rating
Action: Outlook: Stable
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.
SHOW LESS READ MORE >