Summary: Beaufort Cnty, SC; Tax Secured, General Obligation Feb 02

Standard & Poors, February 2002

Abstract
The 'AA-' rating on Beaufort County, S.C.'s GO bonds reflects: An expanding local economy with a stable military presence, Good tax base growth, Sound financial operations despite growth pressures and the utilization of fund balance reserves, and A manageable debt burden. The bonds are secured by the county's full faith and credit GO pledge. Proceeds from this issue will be used to finance the cost of various capital projects and refund a portion of the county's series 1993 GO bonds. Beaufort County is in southeastern South Carolina. The county stretches nearly 30 miles along the Atlantic Ocean and includes 64 major islands including Hilton Head Island, a major tourist destination, and hundreds of smaller islands. The local economy has a...

Companies mentioned in this report are:
- Beaufort 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.

- Beaufort Cnty

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